From TradingView · · 30s
XAUUSD Bullish Structure Analysis
Gold price shows potential bullish reaction at 4,120, 4,135 support zone.
In brief
Gold price shows potential bullish reaction at 4,120, 4,135 support zone. Gold price may rise to 4,201 if buyers hold 4,120, 4,135 support zone. Originally reported by TradingView.
Bullish Support Zone
Gold price returned to 4,120, 4,135 after bearish move, showing potential buying pressure.
Key Technical Levels
Decisional support zone at 4,120, 4,135, intermediate resistance at 4,160, major resistance at 4,180.
Potential Upside Target
Price could reach 4,160, then 4,180, with potential extension to 4,201 if bullish structure develops.
The takeaway
Gold price may rise to 4,201 if buyers hold 4,120, 4,135 support zone.
