🚨 GOLD PRICE UPDATE — SUPPORT & RESISTANCE YOU NEED TO WATCH
🟢 Current action:
Gold has rebounded back above $5,000/oz after a historic sell-off and strong buying pressure. Safe-haven demand and bargain hunting are supporting prices.
Business Insider +1
📊 Key short-term levels (XAU/USD):
• Support: ~$4,950 — first defensive line below current price
• Major support: $4,400–$4,300 — deep structural zone to hold the correction
• Resistance: ~$5,150–$5,330 — breakout zone for upside continuation
RoboForex
Trading News
RoboForex
📈 Trend context:
• Prices are in a technical rebound phase after reaching deep oversold conditions — correction looks ongoing rather than reversal.
• Central bank demand and geopolitical uncertainty are still supportive on longer timeframes, with forecasts still viewing gold as a core safe-haven.
RoboForex
reuters.com
📌 Quick summary:
Gold’s bounce above $5,000 suggests short-term stabilization.
Watch these zones:
➡️ $4,950 (first support)
➡️ $5,150+ (resistance for continuation)
➡️ $4,400–$4,300 (critical structural support)
Volatility remains high, but key levels can help guide entries and exits. 🔥
#Gold #XAU #Markets #SupportResistance #BinanceSquare $PAXG $XAU