Gold is currently trading around the 400x key price zone, after reacting from the lower support area. The overall structure is still under bearish pressure, but the current zone is important because buyers have already shown a short-term reaction from this area.
Key Price: 400x–4011
Support: 3960–3975
Reaction Zone / TP1: 4050–4060
Next Resistance: 4080–4100
If Gold holds above the 400x zone, price can continue recovering towards 4050–4060, then potentially retest 4080–4100. A clean break above this area would open the way for a stronger recovery towards 4200.
However, if price fails to hold 400x and breaks below the support zone, the bullish reaction becomes invalid and Gold may continue lower towards 3920.
My View:
The main focus is not simply predicting direction. The focus is the reaction at 400x. This zone offers a high-value area for buyers to take short-term profit if the market reacts as expected.
Key Price: 400x–4011
Support: 3960–3975
Reaction Zone / TP1: 4050–4060
Next Resistance: 4080–4100
If Gold holds above the 400x zone, price can continue recovering towards 4050–4060, then potentially retest 4080–4100. A clean break above this area would open the way for a stronger recovery towards 4200.
However, if price fails to hold 400x and breaks below the support zone, the bullish reaction becomes invalid and Gold may continue lower towards 3920.
My View:
The main focus is not simply predicting direction. The focus is the reaction at 400x. This zone offers a high-value area for buyers to take short-term profit if the market reacts as expected.
🔰 Free signals (85% winrate)
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🔰 Free signals (85% winrate)
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.