GOLD | Bulls Attempt to Regain Control Above Key Support

Gold remains supported by a weaker U.S. dollar and easing inflation expectations following the decline in oil prices. However, this week's U.S. labor market data, particularly the ADP Employment Report and Nonfarm Payrolls (NFP), is expected to determine the next major move.

Technically

Gold is attempting to hold above the 4044 support level, keeping the short-term bullish structure intact.

As long as the price remains above 4044, buyers are likely to target 4072. A 1H or 4H candle close above 4072 would confirm bullish continuation toward 4088, followed by 4110.

However, if the price fails to break 4072, it is likely to consolidate between 4072 and 4044. A confirmed 1H candle close below 4044 would invalidate the bullish outlook and expose 4028, followed by 4018.

Support: 4044 – 4028 – 4018
Resistance: 4072 – 4088 – 4110