# Gold Price Tests Key Support

> Gold retests critical support as traders eye potential head and shoulders pattern.
- Title: Gold Price Tests Key Support · TradingView | Shortify
- Summary: Gold retests critical support as traders eye potential head and shoulders pattern. Gold price retests $4,246, $4,331 support zone amid technical and macro…
- Keywords: xauusd, head and shoulders, support zone, fibonacci retracement, dollar index, us10y yields, vix, business, finance, Gold, Price, Tests
- Source: TradingView — https://tradingview.com/chart/XAUUSD/vKNnPTO6-XAU-USD-1D-Potential-Head-Shoulders-Retest
- Published: 2026-09-16T07:20:38+00:00
- Read time: 1 min
- Topics: xauusd, head and shoulders, support zone, fibonacci retracement, dollar index, us10y yields, vix, business, finance
## Gold Price Pattern
XAU/USD shows developing head and shoulders pattern on daily chart.
## Key Support Zone
Price retests $4,246, $4,331 support aligning with 0.5, 0.618 fibonacci retracement.
## Technical Indicators
RSI below 50 shows bearish bias while price crosses below major emas.
## Macro Headwinds
Strong dollar index and high us10y yields create firm headwinds for gold.
## Oil Impact
Elevated crude prices fuel inflation concerns affecting gold demand.
## Execution Plan
Shorting at $4,246, $4,331 with stop loss above $4,460.
## Key takeaway

Gold price retests $4,246, $4,331 support zone amid technical and macro headwinds.