From TradingView · · 30s
Gold Breaks Key Support, $4,000 Falls Next?
Gold drops below $4,067 support as Middle East tensions rise.
In brief
Gold drops below $4,067 support as Middle East tensions rise. Gold broke $4,067 support and may fall to $3,983 next. Originally reported by TradingView.
Gold breaks key support
Gold fell sharply as oil prices climbed, adding to market volatility.
Double top pattern forms
Gold broke below $4,067 support and the double top neckline.
Bearish scenario
Gold may drop to $3,983 before hitting $4,000 psychological level.
Trade setup
Stop loss at $4,130; take profits at $4,013 and $3,983.
The takeaway
Gold broke $4,067 support and may fall to $3,983 next.
