$XAU
XAU 4-Hour Technical Analysis
🕯️ Current Price (Approx, Spot):
Gold is trading around **$5,070–$5,090 per ounce** on the 4-hour chart (spot XAU/USD). 0
📈 Price Action (4H):
- Gold has recently rallied sharply, pushing to new multi-year highs as safe-haven demand remains strong. 1
- On the 4-hour chart, price action shows bullish candlesticks with higher highs and higher lows, though some pullbacks also appear after extended up moves.
📍 Key Support Levels:
• **$4,950 – $4,980** — Short-term 4H support
• **$4,800 – $4,850** — Major demand zone if deeper pullback occurs
📍 Key Resistance Levels:
• **$5,110 – $5,130** — Immediate resistance zone
• **$5,200+** — Higher breakout target if momentum continues
📊 Indicators (4H):
- RSI on shorter timeframes shows bullish momentum (overbought in some scans) indicating strong buyer interest. 2
- MACD and moving averages on 4H also tilt toward buy signals on recent scans, signaling continuation of uptrend. 3
- Volume continues firm on upward legs, suggesting strong participation.
🔁 Possible Scenarios:
• **Bullish Continuation:** If price stays above $4,980 and closes above $5,110, expect continuation toward $5,200+
• **Range Play:** Price may retrace to $4,950–$4,980 before resuming trend
• **Bearish Pullback:** Break below $4,800 could signal deeper correction