# Gold Short Target 4162.72

> Hellena_Trade targets gold price drop to 4162.72 support.
- Title: Gold Short Target 4162.72 · TradingView | Shortify
- Summary: Hellena_Trade targets gold price drop to 4162.72 support. Hellena_Trade predicts gold price will drop to 4162.72 support area after recent decline.
- Keywords: gold, 4162.72, support, elliotwaveanalysis, hellena_trade, xauusd, short, business, finance, Target, 4162, TradingView
- Source: TradingView — https://tradingview.com/chart/XAUUSD/slp2o7mI-Hellena-GOLD-4H-SHORT-toward-the-4162-72-support-area
- Published: 2026-09-24T07:55:49+00:00
- Read time: 1 min
- Topics: gold, 4162.72, support, elliotwaveanalysis, hellena_trade, xauusd, short, business, finance
## Current Gold Price Action
The previous bullish gold scenario targeting 4600 area was not confirmed as price recovered to 4510.18 before resuming decline.
## Wave Analysis Update
Hellena_Trade interprets higher-degree wave "1" completed at 4696.02 high with corrective wave "2" unfolding through intermediate A-B-C structure.
## Key Resistance Levels
Wave "A" completed at 4281.65 while recovery to 4510.18 formed wave "B" with bearish wave "C" developing toward 4162.72 support.
## Immediate Target
Hellena_Trade's nearest target is 4162.72 support area close to lower-degree wave "1" high at 4168.50 and intermediate wave "1" high at 4205.59.
## Trade Execution Advice
Hellena_Trade recommends moving stop-loss to breakeven for open short positions after gold reached 4280 area.
## Key takeaway

Hellena_Trade predicts gold price will drop to 4162.72 support area after recent decline.