$XAUUSD Gold spot price: around $4,130
Direction bias: range-bound at highs, slightly bullish
Short-term support: $4,100
Strong support: $4,050
First resistance: $4,150
Second resistance: $4,200
Today’s core: Gold has reclaimed above $4,100—does this mark the start of a new uptrend, or are high-position funds taking profits?
In today’s Asian session, my biggest feeling about gold isn’t strength.
It’s hesitation after strength.
Gold has returned to around $4,130, and it’s already very close to the prior resistance zone.
Many people see gold rising again and their first reaction is:
“Is it abou