Gold finished last week with a strong recovery from the support zone, pushing sharply higher and reclaiming ground back above both moving averages. MA50 is now acting as dynamic support, while MA200 is still relatively flat but starting to turn higher, suggesting bullish momentum may continue building.
Price is now trading between 4687 immediate support and 4749 immediate resistance. A confirmed break above 4749 would open 4790 as the next potential target, with 4767 acting as the first profit-taking area — the unfilled target from last week. If bulls manage to clear 4790, 4867 remains the key resistance level, and a confirmed break there would open the door for a broader recovery into higher levels.
On the downside, 4687 now acts as immediate support. As long as this level holds, we expect bullish continuation. Failure to hold this area could lead to a pullback toward 4627, where MA200 may provide dynamic support, with a deeper move into the pullback zone possible if weakness continues. This would be the next key area to watch for buyer reaction.
📌 Key levels to watch:
Resistance:
4749
4790
4867 -key resistance
Support:
4687
4627
4571
👉Let key levels guide you. Wait for confirmation.