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XAUUSD maintains a recovery trend on the H4 timeframe, supported by a higher high – higher low structure within an ascending channel. However, price is facing strong resistance around 4,850–4,900 USD while momentum is fading. Holding above 4,800 USD could sustain the uptrend, whereas a breakdown may trigger a correction toward 4,700 or lower.
On the H4 timeframe, XAUUSD continues to maintain a relatively clear recovery structure after forming a bottom around the 4,100 USD area. Price has established a sequence of higher lows and higher highs, while consistently trading above short- and medium-term EMAs, indicating that buying pressure remains dominant in the near term.
XAUUSD continues to maintain a short-term bullish structure, but as price approaches a strong supply zone and momentum weakens, the market may require a corrective phase before establishing its next directional move.
Notably, price is currently moving within an ascending channel, with the supporting trendline holding firmly through multiple pullbacks. Recent retracements have largely taken the form of healthy retests and have been quickly absorbed, suggesting that buyers are still actively in control of the market.
However, the upward momentum is beginning to slow as price approaches a key resistance zone around 4,850 – 4,900 USD. This area previously saw strong selling pressure, causing the bullish structure to become more compressed and transition into a short-term consolidation phase. In addition, the slope of the recent advance is gradually flattening, indicating that momentum is no longer as strong as in the earlier phase of the trend. This increases the likelihood of a technical pullback before the market can establish its next directional move.
If price manages to hold above the 4,800 USD level and maintain its higher low structure, this would confirm that buyers remain in control in the short term. In that case, XAUUSD is likely to retest the 4,850 – 4,900 USD resistance zone, and a successful breakout could open the door for further upside, potentially targeting the psychological 5,000 USD level.
On the other hand, if price fails to hold above the 4,800 USD support and breaks below the short-term structure, this would be an early signal of weakening bullish momentum. Under this scenario, XAUUSD could enter a deeper corrective phase, with key support levels to watch around 4,700 USD, followed by the 4,600 – 4,650 USD zone, where previous consolidation and the ascending trendline converge.
21.04.2026
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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