Gold – Resistance at 3840, Contra Move in Play?Gold has approached the 3825 and at high around 3840 resistance zone where sellers are likely to step in. Price rejection from this area can trigger a downside move toward the 3775–3780 support zone.
Currently, the setup favors a contra play, with risk defined above the resistance zone and reward potential aligning with the lower support.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research or consult your financial advisor before trading.
