GOLD Price Update – Clean & Clear Explanation

Apr 13

Gold is currently trading near a key resistance zone after a strong bullish move from the demand area. The overall trend remains bullish, but price is now losing momentum, indicating a possible short-term correction before the next move.

At this level, the market is reacting inside a supply zone, which increases the chances of a pullback. If rejection confirms, price is likely to move lower toward 4700, then 4680, and potentially extend to the major support around 4630.

However, if buyers gain strength and price manages to break and hold above 4800, the bullish trend may continue toward 4820 and higher levels market is bullish overall, but a short-term pullback is likely before continuation. Waiting for price to reach key zones will provide higher probability setups.

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Apr 14

Trade active

Apr 14

Trade closed: target reached