International spot gold currently faces a clear resistance at the highest levels of the market. According to data provided by Jin10, the largest concentration of gold positions is located in lower price zones, where both trading volume and distribution density reach their peak. This accumulation represents a critical support level during the upward movement, which is why investors should pay close attention to the upper edge of this formation, located approximately in the 49XX range. The resistance that the yellow metal encounters at these levels suggests selling pressure that could determine the continuation of the rally, making it essential to monitor these key points in technical analysis.
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International spot gold currently faces a clear resistance at the highest levels of the market. According to data provided by Jin10, the largest concentration of gold positions is located in lower price zones, where both trading volume and distribution density reach their peak. This accumulation represents a critical support level during the upward movement, which is why investors should pay close attention to the upper edge of this formation, located approximately in the 49XX range. The resistance that the yellow metal encounters at these levels suggests selling pressure that could determine the continuation of the rally, making it essential to monitor these key points in technical analysis.