Gold is currently trading near a strong resistance level around 4,700. The price has tested this area several times but has not clearly broken above it yet. This shows that the market is at an important decision point.
At the same time, the overall structure remains slightly positive, as the price is holding above its recent support levels and forming higher lows. This indicates that buyers are still active in the market.
Resistance ; 4800 / 4850
Support Levels ; 4700 / 4680
Tecnically gold is coming correction bullish with in current range and testing the immediate resistance levels a break of which open way price could push to upside more or close above 4740 however before rising the price may test the nearest support level in search of liquidity.
You may find more details in the chart,
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