From TradingView · · 30s
Gold Faces Selling Pressure
Gold breaks key support as traders brace for deeper decline.
In brief
Gold breaks key support as traders brace for deeper decline. Gold price dropped below 4120 after rejecting 50MA resistance, risking a fall to 4090. Originally reported by TradingView.
Gold breaks key support
Gold price dropped below 4120 after rejecting 50MA resistance, risking a fall to 4090.
Price tests critical levels
Traders watch for confirmation as gold tests support around 4120 with potential drop to 4090.
Key levels to watch
Resistance at 4141-4166-4203-4229; support at 4120-4090-4055-4014, 3975.
Here's the gist
Gold price dropped below 4120 after rejecting 50MA resistance, risking a fall to 4090.
