Gold Rebounds From 4,000 Support Zone, Targets 4,095 – 27…
By Karthik Subramanian
AI summary of the source article
Gold reversed up from the 4,000.00 support level and is expected to rise toward the 4,100.00 resistance level. The upward move followed a Bullish Doji candlestick pattern amid easing US inflation fears.
Key facts
- Gold reversed upward from the 4,000.00 support level.
- The metal is expected to target the next resistance level at 4,100.00.
- The reversal created a Bullish Doji pattern as an oil pullback eased US inflation fears.
Source excerpt · FinanceFeeds
Gold can be expected to rise further toward the next resistance level 4100.00 (former support from the start of October). Gold reversed from round support level 4000.00 Likely to rise to resistance level 4100.00 Gold recently reversed up from the support zon e between the round support level 4000.00 (which has been reversing the price from June, as can be seen from the daily Gold chart below), sup…