Gold's resistance zone looks like a trap
Everyone’s staring at those big support levels, but the real story is the wall of resistance above. I’m not buying the breakout hype.
Gold's resistance zone looks like a trap
I’ve been watching Gold for a while, and that 4190–4421 resistance area is thicker than most people realise. The market keeps pushing up against it, but every rally gets sold into. That’s not a sign of strength—it’s distribution.
The support levels underneath are well-trafficked, but they don’t mean much if we can’t get a clean break higher. I think the smart money is waiting to short into that resistance, not chase it. Sticking with a bearish bias until something changes.
Comments5