From TradingView · · 30s
Gold Tests Key Resistance
Gold price tests critical resistance level as breakout or rejection looms.
In brief
Gold price tests critical resistance level as breakout or rejection looms. Gold price tests 4177-4180 resistance with potential for breakout to 4186-4189 or rejection toward 4161-4156. Originally reported by TradingView.
Gold tests resistance
Gold price tests key resistance at 4177-4180 with potential for breakout to 4186-4189 or rejection toward 4161-4156.
Short-term bullish trend
Short-term H1 structure turns bullish after breaking above recent lower highs with price trading around 4178.
Trading strategy
Buy reactions around 4161-4156 remain favorable if support holds with stop loss at 4148.
The essence
Gold price tests 4177-4180 resistance with potential for breakout to 4186-4189 or rejection toward 4161-4156.
