From TradingView · · 1m
Gold near key resistance zones
Gold price near 4,326 tests descending trendline and supply zone for short-term shifts
In brief
Gold price near 4,326 tests descending trendline and supply zone for short-term shifts Price approaching 4,350, 4,360 resistance with 4,280, 4,300 support zone for potential reversal Originally reported by TradingView.
Current price action
Gold trades near 4,326 with price approaching a descending trendline and marked supply zone
Key resistance zone
The 4,350, 4,360 area acts as a critical supply and price dominance zone for potential rejection
Support zone
The 4,280, 4,300 region contains a 30-minute FVG plus order block that may trigger a retracement
Potential short-term shift
A market structure shift followed by a break of the descending trendline could indicate short-term price reversal
Bullish scenario
Price retracing into the 4,280, 4,300 zone with bullish confirmation could target 4,350, 4,360 resistance
Bearish scenario
Price rejecting the 4,350, 4,360 zone could target 4,280, 4,250 with confirmation from price action
What it means
Price approaching 4,350, 4,360 resistance with 4,280, 4,300 support zone for potential reversal
