From TradingView · · 40s
Gold Break Analysis
Gold price near $4,000: Bullish or bearish break?
In brief
Gold price near $4,000: Bullish or bearish break? Gold price near $4,000 could move to $4,200, $4,300 if bullish or $3,800, $3,500 if bearish. Originally reported by TradingView.
Gold price near $4,000
Gold is trading around a key psychological level near $4,000 on the H4 timeframe.
Bullish scenario
If price reclaims the descending trendline and confirms a breakout with strong bullish momentum, a potential buying opportunity may develop toward $4,200, $4,300.
Bearish scenario
If price fails to reclaim resistance and breaks below $4,000 support, further downside toward $3,800 and potentially $3,500 could come into focus.
The essence
Gold price near $4,000 could move to $4,200, $4,300 if bullish or $3,800, $3,500 if bearish.
