GOLD/ Price Tests ATH Zone: Key Breakout or Bearish Reversal?

GOLD

The price is trading in a sensitive zone near its all-time high (ATH). A 4-hour candle close above the ATH at 2,758 would confirm a bullish trend, with potential targets at 2,775 and 2,785.

Alternatively, the price should stabilize below 2,757 to maintain a bearish outlook, aiming for levels at 2,738 and 2,712.

Key Levels:
Pivot Point: 2758
Resistance Levels: 2775, 2785, 2797
Support Levels: 2738, 2712, 2695

Trend Outlook:
Under 2758: Downtrend
Above 2758: Uptrend