From TradingView · · 1m 10s
Gold Bearish Triangle Breakdown
Gold price could drop to 4,155 if it breaks key resistance.
In brief
Gold price could drop to 4,155 if it breaks key resistance. Gold may fall to 4,155 if it fails to hold 4,355-4,376 resistance. Originally reported by TradingView.
Gold remains under pressure
Gold remains under pressure as markets prepare for the Federal Reserve’s policy decision.
Technical analysis shows bearish structure
On the 1H chart, Gold is trading inside a contracting triangle after failing to regain the higher resistance area.
Key resistance zone at 4,355-4,376
Price remains below the descending trendline and is approaching the 4,355, 4,376 resistance zone.
Break below 4,260 could deepen losses
A clear rejection from this area, followed by a sustained break below 4,260 support, could strengthen the bearish structure and expose lower liquidity levels.
Downside targets at 4,241 and 4,155
If price rejects this zone and breaks below 4,260 with confirmation, the downside path could develop toward target one: 4,241 and target two: 4,155.
Fed decision could trigger volatility
With the Fed decision approaching, volatility can increase significantly, so confirmation and risk management remain important.
What it means
Gold may fall to 4,155 if it fails to hold 4,355-4,376 resistance.
