Big Zones to Watch
Gold is trading near 4,216, firmly above the psychological 4,200 level — a zone where many traders expect consolidation before the next major move. If bulls defend this level, upside continuation toward 4,264 becomes likely, with extended targets toward 4,300+ if momentum accelerates.
Key support sits at 4,195–4,175. Buyers stepped in aggressively here earlier, making this the critical demand zone for intraday stability.
But keep the downside risk in view:
A break below the 55-day SMA (~4,037) could flip the structure and signal a deeper retracement. If that happens, Gold may slide toward 3,997 and potentially deeper supports.
Overall, the market is coiling — the next breakout will define direction. Trade levels, not emotions.
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