From TradingView · · 50s
Gold Rejection Plan Targets 4080
Gold price drops below 4080 after rejection of order block.
In brief
Gold price drops below 4080 after rejection of order block. Gold breaks support at 4078-4086, signaling continued bearish momentum. Originally reported by TradingView.
Gold Price Shift
Gold shows clear bearish shift on H1 chart after failing to sustain bullish momentum near 4180-4186.
Key Levels
Major resistance at 4208-4214, upper supply OB at 4180-4186, immediate support at 4108-4112.
Primary Scenario
Sell the retracement with entry zone 4141-4146, stop loss 4152, target 4078.
Alternative Scenario
Bullish recovery if price holds above 4108-4112 and forms bullish MSS on M15.
Intraday Direction
Primary bias is bearish with 4108 as immediate downside trigger and 4078-4086 as main support destination.
Recent Breakdown
XAUUSD broke below 4078-4086 support zone with strong bearish momentum.
What it means
Gold breaks support at 4078-4086, signaling continued bearish momentum.
