Gold has lost the $4,200 support zone and flushed toward the $4,145 area.
The next critical zone is $4,140–$4,120. This area will decide whether buyers step in for a relief bounce or if gold continues its downside move.
A clean breakdown below $4,120 could open the path toward the psychological $4,000 level, which is now the major downside target to watch.
For the bullish side, gold needs to reclaim $4,195–$4,200 first. Above that, the next resistance sits around $4,225–$4,235.
Right now, all eyes are on $4,120–$4,140 — either we see a strong reaction from this zone, or a deeper sweep toward $4,000 becomes possible.$XAU
The next critical zone is $4,140–$4,120. This area will decide whether buyers step in for a relief bounce or if gold continues its downside move.
A clean breakdown below $4,120 could open the path toward the psychological $4,000 level, which is now the major downside target to watch.
For the bullish side, gold needs to reclaim $4,195–$4,200 first. Above that, the next resistance sits around $4,225–$4,235.
Right now, all eyes are on $4,120–$4,140 — either we see a strong reaction from this zone, or a deeper sweep toward $4,000 becomes possible.$XAU
