Gold is holding near 3,940 after Friday's drop. Next stop could be 4,000, or 3,850 if sellers return. 📈
Gold bounced back above 3,900 after the sell-off, but rate expectations and higher oil prices are still weighing on it.
Levels I'm watching:
🔹 Resistance: 4,000 – 4,020
🔹 Support: 3,900, then 3,850
🔹 A close above 4,020 could open the way higher. A break below 3,850 would put pressure back on the price.
Gold bounced back above 3,900 after the sell-off, but rate expectations and higher oil prices are still weighing on it.
Levels I'm watching:
🔹 Resistance: 4,000 – 4,020
🔹 Support: 3,900, then 3,850
🔹 A close above 4,020 could open the way higher. A break below 3,850 would put pressure back on the price.
