Gold

Gold is trading above the support zone at $4330, and prices are likely to rise to retest the resistance zone at $4450. This scenario will be invalidated if the previously mentioned support zone is broken to the downside in today’s trading session.
|
Support |
4330 | 4200 |
| Resistance | 4450 |
4540 |
Gold stabilized after pulling back in yesterday’s session, following a strong rally over the past days, as the metal settled below the previous two week highs amid a profit taking driven correction. Global prices retreated from record peaks reached prior to the latest reversal, with year end thin liquidity amplifying the market’s sensitivity to shifts in trading sentiment and broader risk appetite.
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