NewsSignals AI analysis·Reuters·
Spot gold still targets October 14 low of $4,073
Grade Bbearish AI signal$XAU
Spot gold remains technically biased to the downside, with a chart pattern pointing toward a retest of the October 14 low at $4,073 per ounce.
The analysis highlights potential support failure at $4,096, which could expose gold to the $4,036–$4,067 range, while resistance stands at $4,135.
A break below support could deepen losses toward $3,937, although a move above $4,135 could open a recovery toward $4,150–$4,169.
Bullish strength: 20/100
- A break above $4,135 could lead to a gain toward $4,150–$4,169.
- The wedge could develop into a bottom pattern depending on which trendline breaks.
Bearish strength: 80/100
- The wedge pattern points toward a retest of the October 14 low at $4,073.
- The analysis identifies $4,096 as support that gold may break.
- A deeper decline toward $3,937 is possible according to the cited wave projection.
- The analysis describes the recent bounce from support as weak.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.