From TradingView · · 30s
Gold falls to 3941 after 20-day sideways path
Gold drops to 3941 after 20 days of sideways movement.
In brief
Gold drops to 3941 after 20 days of sideways movement. Gold price fell to 3941 after 20 days of sideways trading without breaking resistance. Originally reported by TradingView.
Gold price movement
Gold price fell to 3941 after 20 days of sideways trading without breaking resistance.
Two scenarios for gold price
If price breaks above 4208-4225 resistance, it targets 4285-4315. If rejected, it falls to 3941.
Current price action
Price started at 4172, now 4019 after 1000 pips drop.
The main idea
Gold price fell to 3941 after 20 days of sideways trading without breaking resistance.
