š Summary:
Gold is currently holding above the 4462 support level. If price breaks below 4462, the next downside target could be the 4448ā4450 area. A further break below 4448 would strengthen bearish momentum, opening the door toward 4418 and potentially 4400.
On the upside, resistance remains at 4493. Only a break and hold above 4493, and ideally above 4500, would signal a return of bullish momentum.
š Key Levels to Watch:
ā¢ 4510 ā Resistance
ā¢ 4500 ā Resistance
ā¢ 4493 ā Resistance
ā¢ 4480 ā Bullish/Bearish Pivot
ā¢ 4462 ā Key Intraday Support
ā¢ 4448 ā Support
ā¢ 4440 ā Support
ā¢ 4418 ā Support
š Intraday Strategy:
SELL: Near 4480 ā target 4476, with further downside toward 4472, 4467, 4462
BUY: If price holds above 4480 ā target 4484, with further upside toward 4489, 4493, 4500
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