From TradingView · · 1m
Gold Price Tests 4,014 as Auction Boundary
Gold price nears 4,014 after testing lower auction boundary.
In brief
Gold price nears 4,014 after testing lower auction boundary. Gold price tests 4,014 as market evaluates whether cheaper prices attract sustained acceptance. Originally reported by TradingView.
Gold Price Tests 4,014
Gold price nears 4,014 after testing lower auction boundary.
Current Auction State
Price remains below descending H2 dynamic resistance but downside expansion slows around 3,975, 4,015 region.
Recent Price Movement
Spot Gold recovered 0.6% to $4,020.60 after touching $3,975 on Friday.
Key Auction Levels
4,085, 4,100 Upper Rotation, 4,032, 4,045 First Value Reclaim, 4,000, 4,020 Current Developing Lower Auction, 3,970, 3,980 Lower Auction Boundary.
Sellers Control Auction
Sellers control broader auction as price remains far below previously accepted higher distributions.
Critical Test of 3,970, 3,980
Price must reach 3,970, 3,980 without rotating back above 4,000 to confirm cheaper prices attract acceptance.
Next Auction Expansion
If price holds above 4,032, 4,045, next expansion could reach 4,085, 4,100 Upper Rotation.
In short
Gold price tests 4,014 as market evaluates whether cheaper prices attract sustained acceptance.
