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Gold prices on the H4 timeframe are currently in a corrective phase after failing to break the $5,200–$5,230/oz resistance zone. The metal is now trading around $5,020/oz, close to the important support area at $5,000–$5,020/oz. The formation of lower lows and prices trading below moving averages indicate weakening bullish momentum. A break below $5,000/oz could push gold toward $4,870–$4,900/oz, while holding above this level may trigger a rebound toward $5,100–$5,120/oz.
On the H4 timeframe, gold prices remain in a corrective phase after failing to break above the $5,200–$5,230/oz resistance zone. Following the previous recovery, selling pressure emerged as the market approached this key supply area, causing prices to reverse lower and raising the possibility of a break in the prior bullish structure.
The repeated tests of the $5,000/oz level highlight its importance as a key support for the market; price reaction around this zone will determine whether gold continues consolidating or extends its correction.
Currently, gold is trading around $5,020/oz, close to an important support zone at $5,000–$5,020/oz. This area has repeatedly acted as support during previous pullbacks and also represents a significant psychological level for the market.
From a structural perspective, the formation of lower lows combined with prices trading below the moving averages suggests that bullish momentum is weakening in the short term. This increases the likelihood that the market may test lower support zones if buying interest does not return soon.
In a bearish scenario, if gold breaks decisively below the $5,000/oz support, prices could decline further toward the $4,870–$4,900/oz region, where a previous demand zone is visible on the chart. This area is considered the next key support level for the market.
Conversely, if gold holds above the $5,000/oz level and buying pressure re-emerges, prices may recover to test the nearest resistance at $5,100–$5,120/oz. A breakout above this zone could open the door for a move toward $5,200/oz, before potentially targeting the stronger supply area around $5,350/oz.
Overall, in the near term, gold appears to be trading in a sideways-to-bearish bias, with the $5,000/oz level acting as a crucial support that may determine the market’s next directional move.
17.3.2026
Gold (XAUUSD)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
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.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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