From TradingView · · 50s
Gold Retest Before Breakdown?
Gold price tests key support before potential breakdown.
In brief
Gold price tests key support before potential breakdown. Gold price retested 4,133.628 but remains below 4,108 support, signaling continued bearish pressure. Originally reported by TradingView.
Gold Approaches Critical Decision
Gold is approaching a critical structural decision as buyers defend near-term support while sellers maintain control.
Bearish Structure Dominates
On the M45 chart, gold has developed a bearish short-term structure after rejecting 4,190 with lower highs beneath a descending resistance trendline.
Key Support Zone at 4,133.628
A temporary rebound would target 4,133.628 where projected recovery meets descending resistance before potential breakdown.
Breakdown Below 4,108 Confirms Weakness
A confirmed breakdown beneath 4,108 followed by failed retest would strengthen bearish continuation toward 4,072, 4,083 support.
Price Action Confirms Bearish Trend
Price developed in line with bearish structure, extending the move toward 4,072, 4,083 support after breaking below decision zone.
In short
Gold price retested 4,133.628 but remains below 4,108 support, signaling continued bearish pressure.
