Technical Analysis: Spot Gold Focuses on the $4110 Support Level
智通财经2026/09/29 02:36Show original
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- Technical analysis shows that spot gold may test the support level at US$4,110 per ounce again. If it breaks below, it may further decline to the US$4,058-4,084 range.
- After projecting the downtrend starting from US$4,370, the support is at the 238.2% level, which is currently holding temporarily, and a weak rebound has occurred.
- If the gold price rises above US$4,152, it is likely to alleviate short-term downside risk and open up greater rebound potential; otherwise, it cannot be considered that the downtrend has reversed.
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