POTENTIAL SUPPORT & BUYING ZONES: 4322–4315 4310–4303
A clear break and close below 4303 may bring renewed selling pressure and open the way toward:
4285 → 4273 → 4261 → 4244
POTENTIAL RESISTANCE & SELLING ZONES: 4341–4348 4353–4359
A clear break and close above 4359 would increase the probability of an upward corrective move toward:
4370 → 4383 → 4391 → 4403
KEY LEVEL 4348–4357
Holding below this zone: keeps the bearish scenario intact. Breaking and closing above this zone: supports an extension of the upward correction.
MARKET FACTORS: Markets are focused today on the U.S. S&P Global Flash PMI data, along with comments from Federal Reserve officials, for further signals regarding the future path of monetary policy. Expectations for higher-for-longer interest rates and a relatively strong U.S. dollar remain factors weighing on gold, while lower Treasury yields and softer oil prices provide some offset to the current pressure. Gold is expected to remain sensitive to today’s economic data and Fed commentary throughout the trading session.
DISCLAIMER: Avoid entering trades without clear confirmation signals. Always adhere to proper capital management, stop-loss placement, and risk management.