#GOLD Resistance Retest Near 5,057
Gold ($XAU ) is currently holding a neutral structure, with recent price action suggesting a healthy corrective pullback within the broader uptrend.
Key Support Zone: 4,517
The 4,517 level remains a major support area, previously acting as a consolidation base. Price is now testing this zone, making it a key decision point.
If Gold reacts bullishly from 4,517, it would reinforce upside continuation, opening the door toward:
5,057 — first major resistance / retest zone
5,135 — psychological + structural resistance
5,227 — extended upside target on higher timeframe
Bearish Scenario
If price breaks below 4,517 and confirms with a strong daily close, it would weaken the bullish structure and shift momentum lower. In that case, downside targets include:
4,400 — minor support
4,310 — stronger demand zone and key support
Outlook
Bias remains neutral as long as Gold trades around the critical 4,517 pivot. A clean breakout above resistance or breakdown below support will likely define the next major move.
#momentum #Write2Earn #BTCVSGOLD
