From TradingView · · 40s
Gold Trading Strategy for October 20-21
Gold price analysis shows bearish trends with key support at 4110-4121 for short-term trading.
In brief
Gold price analysis shows bearish trends with key support at 4110-4121 for short-term trading. Gold remains bearish with support at 4110-4121; short positions target 4102 if resistance breaks. Originally reported by TradingView.
Gold Price Analysis
Gold remains in a range-bound to bearish structure on the 4-hour chart.
Key Support Zone
The current price is below MA10 (4134.45) and MA20/Bollinger Band midline (4152.24).
Short-Term Trading Strategy
Sell on rebound if price rejects 4145-4155 resistance; target 4121 → 4110 → 4102.
Support and Resistance Levels
Price previously found support around 4111.70 but rebounded after reaching 4155.
The one thing
Gold remains bearish with support at 4110-4121; short positions target 4102 if resistance breaks.
