Gold's current key resistance level is 5233. Holding above 5233 targets 5256/5278. Conversely, if this resistance level is not broken, it may lead to a pullback to around 5175/5157.



When gold encounters resistance at higher levels, it sends a clear signal that shorting gold at these highs is a viable short-term strategy.

Currently, we still need to watch the support levels at 5175/5157. If these levels are broken, it will test the 5140/5123 levels.

If the support holds, buyers can enter the market with targets around 5300-5400.
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