Gold futures hover between 4,116 support and 4,145 resistance after failing to hold gains above 4,150.
Gold futures are trading at $4,124, trapped in a tight range between 4,116 support and 4,145 resistance after retreating from Wednesday’s high of 4,171. The broader recovery from below $4,000 remains intact, but short-term momentum has weakened as price fell below the developing VWAP near 4,127.
The market failed to sustain acceptance above 4,150, pulling back into a 4,119-4,133 value area where buyers and sellers are balanced. Prior attempts to break higher were rejected, leaving traders with limited directional conviction until a clear move outside the range emerges.
Key levels to watch include bullish targets at 4,152 and 4,160 if 4,145 is breached, while a drop below 4,116 could trigger declines toward 4,110 and 4,104. The prediction score of -1 reflects a neutral to slightly bearish outlook.