Gold Range Compression — Breakout Imminent🟥 Resistance Zone (Key Supply Zone): 4028 – 4045
Price has tested this zone multiple times but failed to break through.
A clean break above this red zone will signal strong bullish continuation.
🟦 Support Zone (Key Demand Zone): 3995 – 4005
This is the immediate support keeping price from falling lower.
A break below this blue zone will confirm bearish momentum.
✅ Bullish Scenario
If price breaks and retests the red zone (4028–4045):
Expect upward continuation
Target 1: 4060
Target 2: 4095 – 4105
This matches the upward blue arrows on your chart.
✅ Bearish Scenario
If price breaks below 3995 and retests the blue zone as resistance:
Expect strong downward momentum
Target 1: 3960
Target 2: 3925
This matches the downward blue arrows shown.
✅ Current Bias
Market is neutral right now — sitting between support and resistance.
A breakout from either zone will decide the next direction.
