Gold is sitting near a three-month low. Everyone is waiting for the Fed meeting this week, so I expect mostly sideways movement until Wednesday. But stay alert. Gold can surprise anytime.
What I’m watching:
4090–4100 (resistance): If gold recovers over the next two days, this is my main selling zone. I’ll only act if I see clear rejection from above.
4060: If the recovery is weak, this can act as an early rejection area for short-term traders.
4032 (key level): There’s a good chance price breaks above it today. Selling into it is risky. A break above mostly confirms the sideways structure, not a strong uptrend. The market is choppy, so I’d rather observe than chase.
3975: Price is already near support. I’m not interested in selling below 3975. The downside room is limited.
3950–3945 (support): If gold holds here, I’ll look for buying opportunities. If it breaks below, I’ll wait for a liquidity grab and recovery before thinking of buying.
Invalidation: A clean hourly close above 4100 cancels my sideways view. A close below 3945 with no recovery means support has failed.
