XAUUSD Intraday Plan|Bulls vs. 4232 — Break or Reject?Gold dropped into the Reaction Zone as outlined in yesterday’s analysis and bounced back, currently trading around 4206. Price is sitting between the two moving averages and still below the 4232 resistance, waiting for a fresh catalyst.
For buyers to take price higher, we need a clean break above 4232, which would open the path toward 4274, and if momentum is strong, a possible move toward 4322.
If we see another failed attempt at 4232, price is likely to revisit the Reaction Zone.
If this zone gives way, watch the Support Zone and the HTF Support Zone, where buyers are likely to step back in.
📌Key levels to watch:
Resistance:
4232
4274
4322
Support:
4185
4141
4102
4049
4014
3966
🔎Fundamental focus:
Today brings several high-mid-tier U.S. data releases - all of which may add short bursts of volatility. With major events still ahead later in the week, markets may stay reactive and sensitive to headlines.
