Gold Price Hits Resistance at 0.618 Arc, Eyes Decline Toward Key Support

The gold price is facing resistance at the 0.618 Fibonacci arc, a key technical level that has historically acted as a barrier to further gains.

This arc, drawn from a significant swing low to a swing high, has repeatedly repelled price advances in the current gold market.

Analysts now see a potential decline toward the $4,415 support zone, which could trigger a deeper correction in the short term if it breaks.