From TradingView · · 30s
Gold Price Action Analysis
Gold price struggles to break key resistance as bearish pressure intensifies.
In brief
Gold price struggles to break key resistance as bearish pressure intensifies. Gold remains below resistance zone at 4,155, 4,175 with bearish pressure likely to continue. Originally reported by TradingView.
Gold Price Action
Gold price remains below descending trendline and struggles to regain resistance zone.
Key Levels to Watch
Resistance zone: 4,155, 4,175; major resistance: 4,210, 4,260; first support: 4,080; second support: 4,060.
Market Outlook
Bearish pressure continues if price fails to break resistance; recovery may develop if buyers sustain above trendline.
The one thing
Gold remains below resistance zone at 4,155, 4,175 with bearish pressure likely to continue.
