Gold Key Levels That Could Shape Today’s Move
Good morning traders,
Gold started the day under pressure after breaking below yesterday’s low around 4345. The selling continued and price dropped toward 4312, where buyers stepped in and managed to hold the level for now.
Today’s key levels:
Resistance : 4345-4360/4400
Support: 4312/4280
If 4312 continues to hold, Gold can see a recovery back toward the 4345-4360 area. This zone should be important, especially if price starts showing signs of rejection after reaching it.
On the downside, 4312 remains the key level. A clean break and hold below this support could bring another move lower, with 4280 being the next major area to watch.
For now, the price reaction around these levels should be the main focus.