From TradingView · · 30s
Gold Bearish Setup for 1hr Timeframe
Gold price targets $4,079 as short-term bearish signals emerge.
In brief
Gold price targets $4,079 as short-term bearish signals emerge. Gold is expected to drop to $4,079 based on short-term bearish technical indicators. Originally reported by TradingView.
Gold Price Action
Gold appears bullish on larger scale but shows bearish signals on the 1hr timeframe targeting $4,079.
Price Target
The author sets a second take profit level at $4,079 for the gold price.
Technical Setup
Short-term bearish signals indicate gold may move toward $4,079 before reversing.
What it means
Gold is expected to drop to $4,079 based on short-term bearish technical indicators.
