From TradingView · · 50s
Gold Presses Into Support Before Recovery
Gold tests key support as buyers rebuild structure after short-term decline.
In brief
Gold tests key support as buyers rebuild structure after short-term decline. Gold pressed into 4,129, 4,140 support but failed to sustain recovery above 4,130, 4,140, weakening path toward 4,190, 4,200 resistance. Originally reported by TradingView.
Gold Price Action
Gold is trading around 4,133 after failing to hold recovery above 4,160.
Market Pressure
Stronger U.S. dollar and higher Treasury yields pressured gold 0.4% Monday.
Technical Setup
Price tests 4,129, 4,140 H1 Support / POI as liquidity moves lower.
Key Zones
4,098, 4,108 Major Demand / Discount POI offers cleaner buyer location.
Recovery Attempt
Gold rebounded near 4,155 but failed to sustain recovery above 4,130, 4,140.
Next Move
Price now around 4,119 with buyers not yet regaining H1 control.
The key point
Gold pressed into 4,129, 4,140 support but failed to sustain recovery above 4,130, 4,140, weakening path toward 4,190, 4,200 resistance.
