Gold Rebounds From 3,890 Weekly Support, 4,200 in Sight – 5…
By Karthik Subramanian
AI summary of the source article
Gold reversed upward from a support level of 3,890.00, forming a weekly bullish engulfing pattern. Driven by a sliding US dollar, it is expected to rise toward a resistance level of 4,200.00.
Key facts
- Gold reversed upward from a support zone around 3,890.00 and the lower weekly Bollinger Band.
- The reversal formed a weekly Bullish Engulfing pattern, ending a downward impulse from mid-October.
- Market analysts anticipate Gold to target its next resistance level at 4,200.00 amid a sliding US dollar.
Source excerpt · FinanceFeeds
Gold can be expected to rise further toward the next resistance level 4200.00 (which stopped the previous correction 2 in October). Gold reversed from strong support level 3890.00 Likely to rise to resistance level 4200.00 Gold recently reversed up from the support zone between the strong support level 3890.00 (which has been reversing the price from October 2025, as can be seen from the weekly Go…