The first key level to watch is the strong support zone at 4,282–4,300.
If the gold price breaks below this area, downside potential could open up, targeting 4,230, followed by the Wave 4 buying zone at 4,090–4,110.
Looking at the medium- to long-term trend, if sellers continue to dominate the market, the price could dip further toward the Wave 5 completion zone near 3,836–3,850.