From TradingView · · 30s
Gold Price Bearish Setup
Gold price shows bearish technical setup with key support levels.
In brief
Gold price shows bearish technical setup with key support levels. Gold price is expected to drop toward 4,000 after breaking below support levels. Originally reported by TradingView.
Gold Price Breaks Support
Gold price has shown strong bearish momentum after breaking below key support levels.
Key Support Levels
The plan is to wait for a pullback toward the POI around 4,112 where previous support may act as resistance.
Potential Downside Target
Potential downside toward the 4,000 Classic V level with bearish confirmation at the POI.
The bottom line
Gold price is expected to drop toward 4,000 after breaking below support levels.
