Gold Holds Near $4,200 Resistance as Bear Flag Forms

Gold (XAU/USD) closed the session at $4,185.21, a 14.57‑point gain (0.35%) and a touch of the $4,200 resistance line that traders have been watching closely. The metal’s upward momentum has stalled, forming a classic bear‑flag pattern that could signal a pullback if the resistance is broken.

Silver (XAG/USD) also advanced, trading at $57.878 – up 0.721 points (1.26%).

Crude oil saw modest declines: WTI (CL) settled at $97.37, down 0.60 points (‑0.61%), while Brent (BZ) slipped to $105.52, a 0.40‑point drop (‑0.38%).

Base metals moved higher: copper (HG) finished at $6.6210, up 0.0645 points (0.98%); aluminum (AL) closed at $3,005.05, rising 20.05 points (0.67%).

Energy commodities slipped: natural gas (NG) ended at $3.185, down 0.051 points (‑1.58%).

The market’s overall tone remains cautious, with gold’s near‑leveling at $4,200 drawing attention from both technical analysts and traders eyeing potential shifts in the precious‑metal market.