From TradingView · · 50s
Gold Swing Analysis by TraderTilki
TraderTilki predicts gold could drop to 3950 after breaking below 4063 on 4H chart.
In brief
TraderTilki predicts gold could drop to 3950 after breaking below 4063 on 4H chart. Gold may fall to 3950 if it breaks 4063 on 4-hour chart, with 4227 as resistance. Originally reported by TradingView.
Gold Swing Analysis
TraderTilki shares long-term gold swing analysis on 4-hour chart.
Gold Stuck Between 4063-4227
Gold has been stuck between 4063 and 4227 for 20 days on 4-hour chart.
Breakout Expected
TraderTilki expects sharp move after 4-hour candle close breaks 4063 or 4227.
Potential Drop to 3950
If gold breaks 4063 with candle close, it may drop to 3950 on 4-hour chart.
Critical Zone at 4106-4150
Price must balance supply and demand before reaching 3950, with 4106-4150 as critical zone.
The key point
Gold may fall to 3950 if it breaks 4063 on 4-hour chart, with 4227 as resistance.
