From TradingView · · 30s
Gold 1H Bearish Reversal Setup
Gold price near 4,172 faces resistance at 4,200 for potential bearish reversal.
In brief
Gold price near 4,172 faces resistance at 4,200 for potential bearish reversal. Gold price near 4,172 may drop to 4,092 if it fails to break 4,200 resistance. Originally reported by TradingView.
Gold price near 4,172
Gold is currently trading around 4,172 on the 1-hour chart after recent lows.
Resistance at 4,200
Price approaches key resistance zone 4,190, 4,200 for potential bearish reversal.
Downside target 4,092
A rejection below 4,200 could drop gold to 4,092 with support at 4,131 and 4,110.
The takeaway
Gold price near 4,172 may drop to 4,092 if it fails to break 4,200 resistance.
