From TradingView · · 40s
Gold Recovery Targets 4450 Area
Gold price shows recovery structure toward 4450 resistance zone.
In brief
Gold price shows recovery structure toward 4450 resistance zone. Gold price targets 4450 area after forming base near 4260-4280 with support at 4336. Originally reported by TradingView.
Gold price structure
Gold shows developing recovery structure after forming base around 4260-4280 area.
Price moves above support
Price has moved back above 4300-4310 support zone with improving upside momentum.
Key levels marked
Entry area: 4336 support / Invalidation: 4308 / First resistance: 4360 / Major target: 4450-4455.
Support maintains structure
As long as price maintains 4336 support, 4450-4455 resistance zone remains in focus.
Sustained move above resistance
A sustained move above 4360 could provide additional confirmation of the recovery structure.
The essence
Gold price targets 4450 area after forming base near 4260-4280 with support at 4336.
