Gold Prices Rebound Above $4,050, Key Level of $4,068 in Focus

Gold prices have recovered above $4,050 following a strong rebound from an overnight low near $4,024.

The recovery has improved the intraday picture but it follows a larger decline from Wednesday's high near $4,171. Gold has therefore repaired some of the immediate damage without yet reversing the entire decline.

A key level to watch is $4,068, with acceptance above this price indicating that buyers have cleared the first meaningful resistance left behind during the decline.