🚨 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

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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