From TradingView · · 40s
Gold Faces Support Test at 4,130-4,140
Gold's two peaks at 4,200 test if support holds.
In brief
Gold's two peaks at 4,200 test if support holds. Gold failed to break above 4,130-4,140, signaling potential bearish trend continuation. Originally reported by TradingView.
Gold's Two Peaks at 4,200
Gold tested 4,200 twice without sustaining a breakout.
Critical Support Zone
Price near 4,145.775 after reaction around 4,130-4,140 zone.
Bullish Scenario
Defending 4,130-4,140 could confirm a higher low.
Bearish Scenario
Breaking below 4,130-4,140 may trigger deeper correction.
Recent Price Action
Gold declined to 4,124.590 after failing to reclaim supply zone.
Next Support Target
Support near 4,105 with potential drop to 4,075-4,083.
Here's the gist
Gold failed to break above 4,130-4,140, signaling potential bearish trend continuation.
