Gold Maintains Recovery Structure on H4, but Faces Key Resistance at $4,800

After testing the $4,800 level, gold faced rejection and pulled back, reflecting emerging selling pressure within a short-term supply area. However, the subsequent retracement toward the $4,570–4,600 zone was quickly met with renewed buying interest, suggesting that this area is acting as a significant support level.

Currently, price is fluctuating around the $4,670–4,680 range, just above near-term support. This structure indicates that the market is entering a short-term consolidation phase following the prior advance, rather than transitioning into a deeper corrective move.

In the base scenario, as long as price holds above the $4,600 level, the recovery could extend toward a retest of the $4,780–4,800 resistance zone. A decisive breakout above this area would open the door for further upside expansion in line with the ascending channel.

On the downside, a break below the $4,600 support would weaken the short-term bullish structure, potentially triggering increased selling pressure and pushing price toward lower levels around $4,500, or even deeper toward the $4,300 area, where a prior consolidation base was established.

03.04.2026

Gold (XAUUSD)

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Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.