From TradingView · · 40s
Gold Breaks Trendline, Targets Sell-Side Liquidity
Gold price drops below $4,000 after breaking key resistance, aiming for $3,989.05 sell-side liquidity.
In brief
Gold price drops below $4,000 after breaking key resistance, aiming for $3,989.05 sell-side liquidity. Gold fell below $4,000 as it broke a resistance trendline, targeting $3,989.05 sell-side liquidity. Originally reported by TradingView.
Gold breaks resistance trendline
Gold price dropped below $4,000 after breaking its multi-day ascending trendline on the 1-hour chart.
Resistance at $4,020-$4,025 holds
The resistance block at $4,020-$4,025 held firm against repeated tests, flipping from support to resistance.
Targeting sell-side liquidity
Price aims for $3,989.05 sell-side liquidity and $3,974.25 macro swing low with a 2.5 risk-to-reward ratio.
Here's the gist
Gold fell below $4,000 as it broke a resistance trendline, targeting $3,989.05 sell-side liquidity.
