Saad Ullah
⬤ Gold has settled around the 4895 mark, and right now, the market isn't going anywhere fast. After a sharp sell-off, price action has flattened out below a cluster of resistance levels, and honestly, this isn't the kind of setup where you want to be chasing the upside. The smart move here is to wait and let the levels do the talking.
⬤ Looking up, the big zones to keep on your radar are 5050, 5100, and 5150. These aren't random numbers — they've been consistently showing up as areas where sellers step in and cap the rally. Until gold can actually break and hold above 5100–5150, any push higher is likely just a dead cat bounce. "Rallies toward these levels should be treated with caution while price remains capped below 5100–5150."
⬤ Now flip it around — if gold starts pulling back, the 4800–4750 zone is where buyers have historically shown up. The chart confirms this with prior support reactions at these levels, so there's real technical weight behind it. A break below this area, though, opens the door to further downside, and that's where things could get ugly fast.
⬤ Bottom line: gold is stuck in a tight range, caught between buyers holding near 4800 and sellers capping it below 5100. How price reacts at these key levels in the coming days will likely set the tone for the next real move in either direction.
Saad Ullah
