Technical analysis: Spot gold may move up to test the resistance zone at $4128-$4142
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
1. Spot gold may test the resistance range of $4,128 to $4,142 per ounce to the upside. If this range is effectively breached, the price of gold is expected to further rebound to the $4,166 to $4,189 range.2. The price has successfully stabilized near the key support level of $4,050, indicating that the downward pressure since the $4,382 high has been temporarily released.3. If gold continues its rebound, the target may point to around $4,220, close to the previous D wave high in the wave structure.4. However, if the price of gold falls below $4,050, it may trigger a new round of downward pressure, with the next target at $4,000–$4,025. Investors should closely monitor the effectiveness of the above-mentioned support and resistance levels.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
IBIT options price trading more calmly after Bitcoin rebound
Cointelegraph•2026/09/25 11:15

El Niño disrupts palm oil: Indonesia and Malaysia's production expected to drop by 3% in 2027, price may rise towards $1226
Continuous drought caused by a strong El Niño is expected to reduce yields next year, and palm oil production in Indonesia and Malaysia is projected to decline by 2027, tightening global supply and pushing prices higher.
智通财经•2026/09/25 11:01
FactSet appoints former Robeco COO Marcel Prins to board
Bitget•2026/09/25 11:00
Crypto prices
MoreBitcoin
BTC
$85,205.35
+1.99%
Ethereum
ETH
$2,740.67
+3.46%
Tether USDt
USDT
$0.9998
+0.02%
BNB
BNB
$781.08
+1.47%
XRP
XRP
$1.57
+6.93%
USDC
USDC
$0.9998
-0.00%
Solana
SOL
$121.67
+7.34%
TRON
TRX
$0.3371
-0.76%
Zcash
ZEC
$1,612.98
+8.66%
Hyperliquid
HYPE
$94.2
+3.09%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now