Gold, Technical Analysis – H4

Following a fresh low, gold has shifted into a technical correction. No strong bullish triggers have formed, which means the rebound could stall or reverse at any moment. The maximum upside potential for this corrective move is the 4,180–4,200 zone, from where bears are likely to resume active selling.

Key Levels:

□ 4,000 (psychological support)

□ 4,180–4,200 (resistance/target)

Primary Scenario:

Moderate upside toward the 4,180–4,200 area.

Alternative Scenario:

Flat trading within the 4,000–4,100 range.

Analyst Commentary:

This is one of those situations where it feels late to sell but risky to buy. Bulls may try to rely on the strong psychological support at 4,000, but such a position still carries significant risk of trading against the prevailing trend.