Gold has been moving up nicely inside a rising channel for the past few sessions. Buyers have been strong, and every dip has been getting bought.
Now the price is reaching the top of the channel and a strong resistance area around 4840–4850. We can already see a small rejection from this zone, which could mean the market is slowing down.
From here, two things could happen:
• A small pullback toward 4800–4795 before the next move
• Or a break above resistance if buyers stay strong.
This area looks very important, and the next reaction could give a clear direction.
What do you think — pullback first or breakout? 📊
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