Gold finds its footing after a deep intraday dip
After sliding into the $4,185–4,190 zone, Gold saw a strong wave of buying that sparked an immediate rebound. Price is now hovering around $4,205–4,210, signaling stabilization but no clear trend yet. The market remains in a tight range as traders wait for a catalyst.
Support Zones:
• $4,200: Light intraday support with moderate reactions.
• $4,185–4,190: The key demand zone where buyers aggressively stepped in, creating a sharp wick and recovery.
• $4,170: Next downside target if $4,185 breaks.
Resistance Zones:
• $4,215–4,220: Near-term barrier; multiple failed break attempts.
• $4,230–4,240: Strong structural resistance from previous swing highs.
• $4,260: Upper resistance where earlier rallies lost steam.
Market Outlook:
Gold is currently range-bound between $4,185 and $4,230, compressing and building energy for the next major move. Buyers still have the advantage as long as price stays above $4,185, but a bullish continuation requires a breakout above $4,220–4,230.
For More : https://t.co/VHwoPcNPL8
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now