BUYERS ARE RECOVERING, BUT 4,449 REMAINS KEY RESISTANCE
Henry observes that gold is showing a clear recovery after the sharp decline from 4,475–4,480 toward 4,364–4,376. Price is currently around 4,434, indicating buyers have stepped in after the market swept below the PDL at 4,375.8. However, the short-term structure remains cautious as price has not yet reclaimed the key breakdown area.
Above current price, 4,449 is the nearest resistance to monitor. A breakout and hold above this level could extend the recovery toward 4,460–4,475, with the 4,475–4,490 Supply Zone representing stronger selling pressure. A rejection from 4,449 could send gold back toward 4,420–4,410, followed by 4,375–4,365.
Below, the 4,304–4,313 Demand Zone remains a major support area if selling pressure returns.
Forwarded fromVIP _ Gold Elite Club
2September 4, 2026 317 3
