Gold Intraday Signal: Rebound Expected Above 4,065
Gold shows signs of a strong rebound after holding firm above the pivot level at 4,065. The metal has found solid support in this zone, suggesting renewed buying interest from traders following the recent correction. The RSI is trending upward above 50, signaling positive momentum, while the overall price structure remains constructive, supported by intraday higher lows.
As long as 4,065 acts as support, the bias remains bullish, with upside targets located at 4,235 and 4,300. This rebound scenario is further reinforced by improving risk sentiment and the potential for buyers to regain control after a period of consolidation.
On the downside, a confirmed break below 4,065 would shift the short-term outlook to bearish, exposing 4,005 and 3,960 as the next support levels. Traders should watch for momentum confirmation via RSI and intraday volume patterns before entering new long positions.
Enter: Long above 4,065
Stop-Loss (SL): 4,005
Target A: 4,235
Target B: 4,300
