From TradingView · · 50s
Gold Price Stabilizes Near 4,115
Gold price nears 4,115 as market tests key resistance levels.
In brief
Gold price nears 4,115 as market tests key resistance levels. Gold price is testing 4,130, 4,138 resistance after recent declines near 4,115. Originally reported by TradingView.
Gold Price Action
XAUUSD remains in directional lower auction near 4,115 after testing 4,105, 4,115 area.
Current Market Resistance
Price tests 4,130, 4,138 as first meaningful area to hold for market repair.
Lower Value Area
Immediate lower value sits around 4,100, 4,110 where price tests for sustained two-way trade.
Key Auction Levels
4,130, 4,138: First Value Reclaim; 4,115, 4,122: Current transitional auction; 4,100, 4,110: Lower Value.
Market Reaction
Seller acceptance dominates as recent recoveries failed beneath descending H1 resistance structure.
Next Market Move
Price may stabilize near 4,100, 4,115 before rotating toward 4,130, 4,138 if higher acceptance fails.
The key point
Gold price is testing 4,130, 4,138 resistance after recent declines near 4,115.
