From TradingView · · 40s
Gold Bears Target 4,000
Gold price drops as traders see bearish continuation setup.
In brief
Gold price drops as traders see bearish continuation setup. Gold price targets 4,000 after bearish continuation setup on 1-hour chart. Originally reported by TradingView.
Gold shows bearish trend
Gold price declined toward 3,980, 4,000 support area before rebounding to 4,058.
Key resistance zones
Price consolidates near 4,058 after rebound; key resistance at 4,095, 4,108 FVG and 4,125, 4,130.
Potential trade scenario
Bearish entry at 4,095, 4,108 with stop-loss above 4,132; targets 4,040, 4,000, and 3,980.
Final outlook
Gold attempts short-term recovery within broader bearish structure; rejection at 4,095, 4,108 supports bearish continuation toward 4,000.
The essence
Gold price targets 4,000 after bearish continuation setup on 1-hour chart.
