Gold Price Forecast: Key Resistance Emerges at 4355/4365
Gold prices continue to trade within a volatile range as geopolitical uncertainty keeps traders on edge. After successfully reaching the projected resistance zone at 4355/4365, the precious metal reversed lower, hitting downside targets at 4335/4330 before finding support around 4310/4300.
The latest price action suggests that Gold remains trapped between major technical levels while investors await further developments regarding the ongoing conflict and potential peace negotiations.
Key Levels to Watch Resistance 🔺 4355–4365 remains the most important resistance zone. A break above this area could trigger fresh buying momentum and open the door toward: 4410–4420
Support 🔻 Initial support remains at: 4335–4330 4310–4300 A decisive break below 4285 could accelerate losses toward: 4273–4270 Should Gold extend its decline further, traders may look for fresh buying opportunities around: 4245–4240 Long positions from this zone would require protective stops below 4230.
Outlook Gold's short-term direction remains dependent on whether bulls can overcome the strong resistance at 4355–4365. Until then, range-bound trading between support and resistance remains the preferred scenario.
As always, traders should remain cautious as geopolitical headlines can trigger sharp and unpredictable price swings.
