From TradingView · · 1m
Gold Breaks $4,000, Retest Next?
Gold drops below $4,000 as bears hold, could rebound test support?
In brief
Gold drops below $4,000 as bears hold, could rebound test support? Gold broke $4,000, with bears controlling the market structure until a retest of 4,075-4,090 confirms a reversal. Originally reported by TradingView.
Gold breaks $4,000
Gold has extended its bearish decline, breaking through previous structural support and moving below the psychological 4,000 level.
Bears maintain control
After rejection from 4,190, gold developed a sustained bearish sequence with lower highs and lower lows.
Key resistance zone
The former support area around 4,075, 4,090 has become a potential resistance zone for price action.
Bullish scenario
If gold establishes a higher low and recovers from recent decline, buyers could reclaim important structural resistance.
Bearish scenario
If gold rebounds but fails to reclaim 4,075, 4,090, sellers could regain control around the former support area.
Next target
A confirmed lower high followed by a break below 3,955, 3,970 would strengthen the bearish continuation outlook.
The essence
Gold broke $4,000, with bears controlling the market structure until a retest of 4,075-4,090 confirms a reversal.
