Gold is showing strong resilience above the key support zone around 4700, while buyers continue defending every dip aggressively. The current consolidation near resistance suggests that momentum is building for another breakout move.
📈 Market Structure: Bullish
🔑 Key Resistance: 4735 – 4755
🛡️ Major Support: 4690 – 4700
As long as gold holds above support, buyers remain in control and the market could target higher levels toward the 4780 zone. A clean breakout above resistance may trigger fresh bullish momentum and attract more buying pressure.
⚠️ Keep an eye on volatility during the US session — momentum moves can be fast. Proper risk management is always key.
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