From TradingView · · 40s
Gold Analysis Targets $4,240 Liquidity Zone
Gold price action suggests breaking $4,240 liquidity zone could trigger significant moves.
In brief
Gold price action suggests breaking $4,240 liquidity zone could trigger significant moves. Gold's ascending channel targets $4,240 liquidity zone as key resistance for potential price action. Originally reported by TradingView.
Gold price action structure
Gold shows bullish price action recovering from recent sell-off near 4,080 support.
Key support zone
Price consolidates around 4,185 with critical support near 4,145-4,150.
Uplift resistance
4,220 trendline acts as intermediate resistance with major liquidity zone at 4,240-4,245.
Liquidity target
Breakout above ascending channel could move gold toward $4,240 liquidity zone.
In short
Gold's ascending channel targets $4,240 liquidity zone as key resistance for potential price action.
