Chart of the day: Gold price eyes $4,200 breakout, but buyers still face two major hurdles - investingLive

AI desk brief

Gold is trying to hold above the $4,200 figure after printing an Asian high at $4,217, but buyers still need to clear $4,220 to confirm a stronger upside break. The next major technical hurdle sits at the 100-day moving average around $4,256; until that level is reclaimed, the recent rebound still looks tentative.

On the downside, another rejection near $4,200-20 would likely bring sellers back in, with initial support seen around the hourly moving averages at $4,148-56 and then the $4,100-17 zone from the late-September/early-October lows.