Spot Gold ($XAU ) is locked in a pivotal structural test as it approaches the critical $4,000–$4,100 support zone, marking a severe 26% multi-month retracement from its late-August record high near $4,700. $XAUT $PAXG
If buyers absorb the selling pressure here, a range-bound consolidation phase could form.
📈 If buyers step in, we could see a recovery toward $4,200–$4,270.
📉 But if $4,000 breaks, another leg down is possible.
⁉️ Is gold about to break out? Here’s what bulls are watching.
If buyers absorb the selling pressure here, a range-bound consolidation phase could form.
📈 If buyers step in, we could see a recovery toward $4,200–$4,270.
📉 But if $4,000 breaks, another leg down is possible.
⁉️ Is gold about to break out? Here’s what bulls are watching.