Gold tapped the 4,230 resistance zone and is starting to show fatigue, with upper wicks indicating buyers losing strength after hitting the upper band. Bullish momentum remains intact, but stretched.
Key Zones
🔵 Resistance:
• 4,230.8 — active rejection zone
• 4,238 — next short-term barrier
• 4,245 — major upside liquidity target
🟢 Support:
• 4,216 — first strong demand
• 4,205–4,203 — deeper support
• 4,194 — HTF support
Bullish Scenario:
A decisive close above 4,232–4,235 unlocks a clean move toward 4,238, with bullish continuation into 4,245 if buyers regain momentum.
Bearish Scenario:
Failure to hold above 4,230 brings a pullback into 4,216, and if pressure continues, deeper into 4,205. Rejection wicks + overextension support this setup.
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