Gold at Decision Point – Break or Correction?

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On the 15-minute gold chart, price is testing the key resistance around $4,381. This level has acted as a ceiling several times, suggesting strong selling pressure. The 50-period SMA at $4,234 still supports the broader uptrend, but momentum appears to be weakening near resistance.

In the short term, a close below $4,340 could trigger a pullback toward $4,280 and possibly $4,240. A reasonable stop loss for this scenario is above $4,385.
In the longer-term view (over the next few sessions), if gold breaks and sustains above $4,381, we could see an upside move toward $4,400 and $4,460. The protective stop for this bullish setup should be below $4,275.

Overall, gold is at a decision point — a breakout could signal continuation of the bullish wave, while rejection from resistance may lead to a short-term correction.

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