
GOLD JUST EXPLODED BACK ABOVE $4,400 IS $4,450 NEXT?
Gold has surged nearly $70 from the recent low, reclaiming the 20-SMA and pushing straight toward the upper Bollinger Band.
RSI has jumped to 72.88, showing powerful bullish momentum but also warning that the move is becoming stretched short term.
Resistance Levels
- Immediate Resistance: 4440
- Major Resistance: 4460
Support Levels
- Immediate Support: 4395
- Major Support: 4355
My View:
The momentum has clearly flipped bullish after this explosive rebound, but with RSI above 70, chasing the move here carries higher pullback risk.
If gold holds above 4395, buyers could push for a retest of 4440 - 4460; a rejection could send price back toward the 20-SMA.
What do you think?
Does gold break $4460 next, or are we about to see a sharp pullback?