Traders watch $4,432 as the critical level for gold futures, with bullish momentum holding above $4,370 support.
Gold futures opened the week with a bullish bias, maintaining control above the $4,370-$4,382 support zone. The first major resistance level sits at $4,432, where profit-taking or a breakout could emerge.
Analysts note that sustained acceptance above $4,433 is needed for bullish continuation, while a drop below $4,370 would weaken the intraday structure. Last week’s advance sets the stage for a level-to-level test rather than a clear trend signal.
XAU/USD and gold CFD traders can reference these levels, though pricing may vary slightly across platforms. Long-term forecasts, including UBS’s $5,000 target, remain intact despite near-term crude volatility risks.