From TradingView · · 30s
Gold Pullback Risk for XAUUSD
Gold price faces pullback risk as technical support zone holds.
In brief
Gold price faces pullback risk as technical support zone holds. Gold price could drop to 4128 if it breaks 4135-4166 support zone. Originally reported by TradingView.
Gold price pullback conditions
Gold price at 4192 faces potential pullback into 4135-4166 support zone.
Support zone strength
4135-4166 zone holds 16 percent volume profile with prior chart extremes.
Invalidation risk
Price crossing 4128 invalidates support zone and terminates upward thesis.
Risk management
1 to 3.0 risk to reward ratio with targets at 4281 and 4359.
At a glance
Gold price could drop to 4128 if it breaks 4135-4166 support zone.
