From TradingView · · 30s
Gold Bullish Reversal Potential
Gold may rebound as price approaches key support zone.
In brief
Gold may rebound as price approaches key support zone. Gold could rise toward 4155-4165 if buyers hold 4093-4103 support. Originally reported by TradingView.
Gold Trading Range
Gold is trading inside a key consolidation range after strong selling pressure.
Key Support Zone
Price is approaching an important demand zone around 4093, 4103 where buyers may attempt to regain control.
Potential Target Levels
If this support zone holds and bullish price action confirms a reversal, gold could move toward resistance levels at 4130, 4145, and 4155, 4165.
The short version
Gold could rise toward 4155-4165 if buyers hold 4093-4103 support.
