Gold Price Shows Sharp Reversal: Critical Support and Resistance Zones Emerge

The international spot gold market has exhibited a notable reversal pattern, bouncing back from lower price levels with considerable strength. Market data from Jin10 reveals substantial position accumulation at the bottom, which is currently serving as the foundation supporting this reversal move. Traders are closely monitoring how these accumulated positions will influence the continued recovery.

Strong Accumulation at Lower Levels Signals Reversal Foundation

The concentration of positions at lower price zones represents a significant shift in market sentiment. This accumulation indicates that buyers have stepped in at depressed prices, creating a solid support base. The reversal pattern emerging from these levels suggests potential for continued upside momentum, as the newly established support prevents further downside pressure.

Key Price Zones Defining the Recovery Path

Two critical price levels require immediate attention from market participants. The upper resistance zone sits near the 50XX mark, representing a key barrier that the reversal must overcome. Additionally, the 48XX level serves as an important mid-zone, where price action will provide insights into the strength of the current recovery. Breaking through these zones would confirm the validity of the reversal and potentially open the door to further gains.