From TradingView · · 1m
Gold Prices Drop as Bearish Trend Intensifies
Gold prices fall sharply as bearish technical indicators signal stronger downward momentum.
In brief
Gold prices fall sharply as bearish technical indicators signal stronger downward momentum. Gold prices dropped to 4,115.6 after a bearish expansion, with key support levels at 4,115.6 and 4,103.4-4,113.5. Originally reported by TradingView.
Gold Prices Drop
Gold prices fell from 4,149.5 to 4,115.6 overnight, marking a fresh low at 05:15 Dubai time.
Bearish Expansion Intensifies
The 1H ADX accelerated to 21.8, with -DI at 30.1 crushing +DI at 11.3, signaling strong bearish trend.
Key Support Levels
Today's absolute low floor at 4,115.6 and macro support at 4,103.4-4,113.5 triggered a V-bounce response.
Resistance Levels
Immediate resistance at 4,129.4-4,131.8, with 1H lower high at 4,136.1-4,139.5 as critical targets.
Trend Analysis
Price remains below 4,190.4, with 4H ADX at 12.1 and declining trend confirming bearish rotation.
Risk Warning
Trading gold involves significant risk; this analysis is for educational purposes only and not financial advice.
What matters most
Gold prices dropped to 4,115.6 after a bearish expansion, with key support levels at 4,115.6 and 4,103.4-4,113.5.
