From TradingView · · 30s
Gold Analysis M30 Triangle Pattern
Gold price near key decision zone with potential bearish move.
In brief
Gold price near key decision zone with potential bearish move. Gold price near 4139.37 with potential bearish rejection toward 4107 support. Originally reported by TradingView.
Gold Price Action
Gold is approaching a key decision zone with price action forming a potential triangle pattern between descending resistance and ascending support.
Current Price Levels
Current price: 4139.37, resistance zone: 4166, 4181, support zone: 4120, 4107.
Potential Scenario
A recovery toward resistance followed by bearish rejection could open the way toward the 4107 support area.
In short
Gold price near 4139.37 with potential bearish rejection toward 4107 support.
