Gold Turns at Key Support — Break or Fake Into Resistance?Gold on the H1 timeframe has completed a clean rebound from the major support zone, confirming that buyers are actively defending this area. The sharp rejection from the lows suggests the recent sell-off was corrective rather than the start of a sustained bearish trend.
Price is now recovering above the short-term structure and pushing back toward the key resistance zone around 4,425–4,450. This area is critical, as it previously acted as a strong supply region and aligns with prior breakdown levels. The current move should be treated as a reaction leg, not a confirmed continuation yet.
Two clear scenarios are in play.
Scenario 1: Price holds above the recent pullback level, consolidates, and breaks cleanly through resistance. This would open the path toward higher levels and a potential retest of the upper range and ATH zone.
Scenario 2: Price stalls or rejects at resistance, forming a lower high, which would signal ongoing range behavior and a possible rotation back toward mid-range or support.
In summary, Gold has turned bullish from support , but confirmation depends on acceptance above resistance. Until a clean breakout occurs, the market remains reactive and range-controlled, with resistance being the key decision point.
