Gold Price Rebound Setup After Trendline Break – Bullish Targets

11 nov

Gold has pulled back sharply after breaking below the ascending trendline, but price is now stabilizing near the 4100 zone. Chart highlights two key bullish reaction levels around 4120 and 4158, where buyers may re-enter. A clean push above 4120 could open the path toward the upper resistance near 4158, signaling continuation of the broader uptrend.
✅ Trend Break but Recovery Attempt
Price broke below the rising trendline, showing short-term weakness. However, buyers quickly reacted, pushing price back above the 4100 level.

✅ Key Levels to Watch

Immediate resistance: 4120

Next bullish target: 4158–4160 zone


✅ Bullish Scenario
If gold holds above 4100–4105, price can retest 4120.
A breakout above 4120 should trigger momentum toward 4158–4160.

✅ Bearish Risk
A drop back below 4100 invalidates the bullish setup and may push price toward 4060.

12 nov

Trade attivo

12 nov

Trade chiuso: obiettivo raggiunto

Target reached Gold long position hit target as price broke resistance and reached 4,159.97 — target achieved successfully ✅