From TradingView · · 40s
Gold Reversal at 4,385
Gold price reverses near 4,385 resistance.
In brief
Gold price reverses near 4,385 resistance. Gold price reverses near 4,385 resistance. Originally reported by TradingView.
Gold price
Gold is currently reclaiming the 4,330, 4,340 area.
Resistance zone
The main resistance remains the 4,370, 4,385 supply zone.
Price scenario
Price continues higher into the supply zone where I’ll watch for rejection/absorption.
Downside target
If sellers defend the zone, the downside target is the 4,290 area.
Deeper demand
The deeper demand area is 4,258, 4,270.
Reversal condition
A clean acceptance above 4,385 would invalidate this bearish-reversion scenario.
The main idea
Gold price reverses near 4,385 resistance.
