⬤ Gold's trading in a pretty narrow box right now. The chart shows resistance sitting between $4640 and $4660, while support's holding at $4600 and $4573. These levels matter—a lot. The $4640-$4600 zone is basically the battleground where bulls and bears are fighting it out, and whichever side wins could trigger a significant move.
⬤ Here's what to watch: if gold closes below $4600 tonight, expect more downside pressure in the coming sessions. That's your bearish signal. But if it manages to close above $4630, we're likely looking at a rally that could push prices toward the upper resistance levels. The market's reaction to these key zones will tell you everything about where gold's headed short-term.
⬤ Tonight's close is going to be critical. A breakdown under $4600 opens the door for further selling, while a close above $4630 could flip the script and trigger bullish momentum. Watch for confirmation at these levels before making your next move.
