Daily Gold Analysis

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Daily Gold AnalysisGoldOANDA:XAUUSDacqeqfSpot London Gold: 5085.55 USD. Gold prices traded in a narrow range near the 5100 USD level amid long-short tug-of-war, continuing the corrective movement after the previous session’s sharp pullback. Prices edged higher in early trading before coming under pressure again. The key battle zone is between 5070–5100 USD, near a critical support band. Support levels: 5050 / 5000 USD Resistance levels: 5180 / 5225 USD If gold holds above the 5050 USD support, a rebound towards the 5180–5200 USD resistance area is expected.