The gold spot chart shows a bullish outlook with a clear resistaThe gold spot chart shows a bullish outlook with a clear resistance zone (yellow area) around 4,590โ4,592 and a target point at 4,650.
Key levels to watch:
1. Current price: 4,616.13.
2. Resistance: 4,590โ4,592 (yellow box). A clean break above this zone could push price toward the target at 4,650 (green box).
3. Support: the lower edge of the yellow resistance acts as a shortโterm support; if price slips below 4,569, the bullish scenario weakens.
Trading idea: enter a long position on a confirmed breakout above 4,592 with a target of 4,650 and a stopโloss just below 4,569.
