Trading at $4,472 as of the 4-hour chart, Gold price showed a sharp recovery from $4,304. I find it interesting that price bounced back to the $4,422–$4,465 resistance zone. With the broader trend line still limiting the rally, this zone actually creates a legitimate price ceiling and a decision zone as opposed to confirming a price reversal.

I have my eyes on the $4,465–$4,487 resistance zone, as the next goal will be the $4,564 level should price break cleanly above $4,487. On the other hand, $4,304 will be the first support of interest, followed by the $4,365 and $4,422 support zones. If these penetrate, attention will return to the broader $4,221–$4,263 price demand zone.