Will 4,115 Hold? – Rehana William |Financial Consultant _Forex_Gold Xauusd| Fund Manager
Gold (XAU/USD) Technical Analysis: Key Support at 4,115 in Focus
Key Highlights
- Gold remains under short-term bearish pressure.
- Price is testing the important 4,115–4,095 demand zone.
- Holding above support could trigger a recovery.
- A break below 4,095 may extend the decline towards 4,067.
Gold Price Analysis
Gold (XAU/USD) continues to trade under short-term selling pressure after rejecting the 4-hour supply zone. The price is now approaching the key 4,115–4,095 demand area, where buyers are expected to react.
This support zone is likely to decide the next major move for Gold.
Bullish Scenario
If Gold holds above 4,115, buyers could regain momentum.
Upside Targets
Bearish Scenario
A break below 4,095 would increase selling pressure.
Downside Target
Key Resistance Levels
Key Support Levels
Market Outlook
Bias: Short-term Bearish
Gold is currently in a corrective phase after rejecting higher prices. Buyers need to defend the 4,115–4,095 support zone to prevent further downside. A strong recovery above 4,140 would improve the short-term outlook.
Conclusion
Gold is approaching a crucial decision area. Holding above 4,115 may support a recovery, while a break below 4,095 could lead to another wave of selling towards 4,067. Traders should wait for confirmation before entering new positions.
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