The gold price trend shows a balanced structure of first falling strongly and then recovering from a low level. Previously, buyers defended the demand zone between 4,650 and 4,700 points as selling pressure subsided and prices stabilized. This area remains an important support level and could attract buying interest again if the price declines.

Currently, the price is trading near the middle of the range around 4,960, between the strong demand area at the bottom and the supply area at the top. The supply zone between 5,050 and 5,150 previously acted as resistance and continues to limit the upside. Price reaction in this area will be important as seller activity is likely to resume.

If selling pressure increases, the price could fall towards 4,700 points, with further weakness possibly towards 4,650 points. On the bright side, only a clear and sustained breakout of the supply zone could signal stronger buying control and open higher levels.

Overall, the market moves within a clearly defined range. It’s best to focus on trades near support and resistance areas, while trading in the middle of a range is riskier and offers less clarity.

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