Gold has formed an interim low near $4,065 and has since traded within a tight consolidation range. The upper boundary at $4,200/4,225 is acting as short-term resistance, leaving price action capped while the market tests for direction.
Short-Term Resistance Levels
If Gold fails to clear $4,200/4,225, the setup allows for a deeper correction.
Key Support And Downside Targets
Initial support sits at $4,065, and a break below that level could open the way towards the June low at $3,960/3,940 and further downside projections near $3,830.
