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2026-09-21 12:08:10
[Spot Gold Technical Analysis: Focus on Support Around $4340] 1. Technical analysis indicates that spot gold may test the $4340 support level per ounce, with a high probability of breaking below it, potentially falling further towards the $4275-$4300 range. 2. Gold prices have failed to break through the $4400 resistance level twice, suggesting a possible top formation and completion of the rebound from $4235. If the market stabilizes around $4340, the signal may not necessarily turn bullish; only a break above $4400 could confirm an extension of the rebound to the $4445-$4475 range. 3. On the daily chart, the rebound appears to have lost momentum near the $4400 resistance level. Gold prices may retrace to around $4320, or resume the decline from $4696. 4. This rebound has drawn a neutral range of $4230-$4410. Trend signals will become clearer once the market moves out of this range.
