The price of gold is attempting a temporary bullish correction toward the pivot area around 4315 before resuming its downward trend.
As long as trading remains below the 4315 pivot level, the market direction stays bearish toward the support levels at 4275 and subsequently 4260.
However, if the price manages to break above the pivot level, it will target the resistance at 4333, which serves as a key resistance level. A confirmed breakout and holding above 4333 will shift the momentum fully bullish toward 4350 and subsequently 4363.
Resistance Levels: 4333 – 4350 – 4363
Support Levels: 4275 – 4260
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