From TradingView · · 40s
Gold Trading Near Demand Zone
Gold price tests key support zone as traders watch for recovery.
In brief
Gold price tests key support zone as traders watch for recovery. Gold is trading near 4,124 with potential support at 4,111, 4,121 on the 45-minute chart. Originally reported by TradingView.
Gold price testing support
Gold is trading around 4,124 with price testing an important demand zone near 4,111, 4,121 on the 45-minute chart.
Key resistance area
The chart highlights a supply zone around 4,188, 4,197, which represents a key resistance area where selling pressure could emerge.
Possible price movement
If gold maintains support above the demand zone and bullish momentum develops, price could gradually move toward the supply zone near 4,194.
The bottom line
Gold is trading near 4,124 with potential support at 4,111, 4,121 on the 45-minute chart.
