From TradingView · · 50s
Gold Bounce Targets 4,400
Gold rebounds after key support zone, aiming for 4,400 next.
In brief
Gold rebounds after key support zone, aiming for 4,400 next. Gold bounced off 4,257, 4,281 support zone and targets 4,400 next. Originally reported by TradingView.
Gold Bottoms at Demand Zone
Gold declined after rejecting resistance zone near 4,395, 4,430.
Zone Buy Holds Support
Price found support at 4,257, 4,281 zone with fresh CHoCH confirmation.
Recovery Forms Liquidity Pocket
Gold built small recovery forming EQH liquidity pocket above recent lows.
Target 1 Near 4,400
Gold currently trades near 4,336 aiming for Target 1 at 4,400, 4,420.
Old Demand Zone as Resistance
Revisiting failed demand zone near 4,400 may cause hesitation before next move.
Next Target Strong High
Clearing Target 1 could push gold toward Strong High near 4,510 next.
The takeaway
Gold bounced off 4,257, 4,281 support zone and targets 4,400 next.
