Gold Faces Key Supply Zone: Will Bears Reclaim Control?
The 4-hour chart for XAU/USD (Gold Spot) highlights a strong bullish rally approaching a significant supply zone around $2,740–$2,770.
This area coincides with previous resistance, suggesting a potential reversal or slowdown in momentum.
Price may fail to break the supply zone, triggering a pullback towards the $2,640 level for retesting.
This move would align with classic corrective behavior following an overextended rally.
This area coincides with previous resistance, suggesting a potential reversal or slowdown in momentum.
Price may fail to break the supply zone, triggering a pullback towards the $2,640 level for retesting.
This move would align with classic corrective behavior following an overextended rally.
iSmashProfit
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.