Gold Consolidation Scenario setup what should Next Move ?

4 Nov

Gold prices are currently trading in a weak and slow-moving range, as investors remain cautious and wait for a decisive move.

From a fundamental perspective, Fed Chair Powell ruled out any guarantees of a rate cut in December, which supported the U.S. dollar and limited gold’s upside momentum the key resistance zone remains around 4000. A breakout above 4000 and sustained bullish momentum could push prices toward the next targets at 4022 and 4045.

However, if the price fails to hold above 4000 and continues to look weak, we may see a downside correction toward 3968, and possibly 3920.

Resistance zone Target Points : 4022 / 4045
Support zone Target Points : 3968 / 3920

Market remains range-bound and waiting for clear direction before stronger movement resumes.

You may find more details in the chart,
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4 Nov

Dagangan ditutup: sasaran tercapai

ill say also if the price react above 4000 levels then bulls continue if the price not react then we could see fall1st Target reached and price 2nd target hit mostly 3928