Gold testing pivotal resistance zone for TRADENATION:XAUUSD by TradeNation

TradingView idea: Gold testing pivotal resistance zone for TRADENATION:XAUUSD by TradeNation TradingView symbol: XAUUSD The gold continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests an oversold bounce back, potentially setting up for another move lower if resistance holds. Key Level: 4,730 This zone, previously a consolidation area, now acts as a significant resistance level. A failed test and rejection at 4,730 would likely resume the bearish momentum. Downside targets include: 4,500 – Initial support 4,457 – Intermediate support 4,380 – …