From TradingView · · 50s
Gold Breaks 4,080: Can It Hold?
Gold breaks 4,080 but must hold to reach 4,170.
In brief
Gold breaks 4,080 but must hold to reach 4,170. Gold held above 4,080 after rebounding from 3,870, but must hold key levels to sustain bullish momentum. Originally reported by TradingView.
Gold Rebound from 3,870
Gold staged a powerful recovery from the 3,870 region.
Buyers Reclaim 4,080
Buyers reclaimed an important structural level around 4,080.
Bullish Change of Character
The latest impulsive advance pushed Gold above the previous structural resistance around 4,080.
Gold Trading Near 4,126.285
Gold is now trading near 4,126.285 on the referenced chart.
Bullish Scenario: Target 4,170
If buyers maintain control above the reclaimed structure, Gold could attempt further upside continuation toward 4,170.
Bearish Scenario: Breakdown to 3,993.689
If Gold loses the 4,020, 4,038 confluence zone and fails to reclaim it, the current bullish structure could face a deeper correction.
The essence
Gold held above 4,080 after rebounding from 3,870, but must hold key levels to sustain bullish momentum.
