POTENTIAL SUPPORT & BUYING ZONES: 4159–4153 4142–4135 A clear break and close below 4135 may bring renewed selling pressure and open the way toward: 4120 → 4086 → 4064
POTENTIAL RESISTANCE & SELLING ZONES: 4245–4253 4266–4272 A clear break and close above 4272 would increase the probability of an upward corrective move toward: 4297 → 4310 → 4342
KEY LEVEL 4145–4135
Holding above this zone: May support a corrective rebound, while the bearish bias remains intact as long as price stays below the key resistance zones.
Breaking and closing clearly below this zone: Supports the possibility of further downside toward the next support levels.
MARKET FACTORS: Markets are awaiting the release of the Dallas Fed Manufacturing Index for September, along with comments from Federal Reserve officials, including Michelle Bowman and Thomas Barkin, for further signals regarding the monetary policy outlook and interest rates. Gold may react to any comments concerning inflation and the Fed's policy direction, as well as the impact of economic data on the U.S. dollar and Treasury yields. Given the limited release of major U.S. economic data today, market attention is likely to focus on Fed commentary and developments in the U.S. dollar throughout the trading session.
DISCLAIMER: Avoid entering trades without clear confirmation signals. Always adhere to proper capital management, stop-loss placement, and risk management.