#GOLD resistance retest at 5,057
The $XAU remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 4,517 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 4,517 would confirm ongoing upside momentum, with potential targets at:
5,057 – initial resistance
5,135 – psychological and structural level
5,227 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 4,517 would weaken the bullish outlook and suggest deeper downside risk toward:
4,400 – minor support
4,310 – stronger support and potential demand zone
Outlook:
Neutral bias remains intact while the Gold trades around pivotal 4,517 level. A sustained break below or abve this level could shift momentum.
#momentum #Write2Earn #BTCVSGOLD
