Gold
It quickly rebounded from around 4062 to the 4,375 resistance level, where the rally stalled but did not fall back. This pattern could still offer a chance for another long wave, which could approach the red downtrend line. Above 4,375, 4,531 and 4,688 are considered very strong resistance levels. The price would need to stay above the 4,218 level to maintain the potential for further gains.
Resistance levels: 4,688; 4,843; 4,923; 5,000; 5,312; 5,625; 5,938; 6,250.
Support levels: 4,062; 3,750.
