Gold Soars to $4,400 as Bullish Momentum Accelerates

Gold prices have surged to around $4,400 after a significant rebound from its chart low of $4,074. The market's momentum remains bullish, with gold holding above key resistance levels.

The immediate upside objective is the Daily Sell 1 level near $4,453, followed by the Daily Sell 2 zone at $4,505 and the Weekly Sell 1 area at $4,524. These levels are statistically significant areas where traders can expect increased volatility or mean-reversion pressure.

However, if gold corrects, initial support is expected near $4,318, followed closely by the Weekly Mean at $4,299. Below these levels, progressively deeper support zones are established at $4,235 and $3,950.