Traders eye key support at 4,116 and resistance at 4,145 as gold remains in a short-term decision zone.
Gold futures pulled back after failing to sustain a rally toward 4,171, leaving prices in a tight range. The metal now faces critical levels, with bullish momentum dependent on reclaiming 4,145.
Recent price action shows gold struggling to break above resistance, while support at 4,116 remains a key downside target. The wider recovery trend stays intact, but near-term direction hinges on these levels.
Analysts note repeated false breaks and VWAP crossings between 4,116 and 4,145, signaling heightened volatility. A decisive move above or below these levels could dictate the next trend.