Gold continues to show solid upside momentum, with price action holding firmly above the key pivot level at 4094. As long as the market remains above this zone, buyers are in control and further upward movement is likely.
🔵 Key Levels to Watch
- 🎯 Target Levels: 4136, 4155, and 4185
- 📌 Pivot Level: 4094
- 🔻 Support Levels: 4068 and 4040
🟢 Main Bias: Bullish Above 4094
The market favors long positions above 4094, with upward targets at 4155 and an extended target towards 4185.
This suggests that buying pressure remains intact, and dips above the pivot area may offer opportunities to join the trend.
🔴 Alternative Scenario
If price breaks below 4094, sentiment could shift.
In that case, expect potential downward movement toward 4068 and 4040.
💬 Commentary
Gold’s structure shows consistent higher highs and higher lows, supported by positive momentum. The bullish bias remains valid as long as the market respects the pivot level. Traders should monitor price reactions around 4094 — holding above it strengthens the upside scenario, while a breakdown would warn of short-term bearish pressure.
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