Gold settled at $4,187, showing signs of consolidation despite remaining under short-term bearish pressure.
🔹 Major Support: $4,000
🔹 Consolidation Zone: $4,168–$4,210
🔹 Key Resistance: $4,293
📈 Bullish Scenario: A sustained move above $4,210 could strengthen recovery momentum.
📉 Bearish Scenario: A break below $4,168 may increase selling pressure, with $4,000 remaining a key support level.
Market View: Gold appears to be building a base, but a confirmed reversal is still needed. Watch key levels and manage risk carefully.
#Gold #XAUUSD #GoldAnalysis #Forex
Gold settled at $4,187, showing signs of consolidation despite remaining under short-term bearish pressure.
🔹 Major Support: $4,000
🔹 Consolidation Zone: $4,168–$4,210
🔹 Key Resistance: $4,293
📈 Bullish Scenario: A sustained move above $4,210 could strengthen recovery momentum.
📉 Bearish Scenario: A break below $4,168 may increase selling pressure, with $4,000 remaining a key support level.
Market View: Gold appears to be building a base, but a confirmed reversal is still needed. Watch key levels and manage risk carefully.
#Gold #XAUUSD #GoldAnalysis #Forex