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XAUUSD recovered from the $4,365–$4,380/oz demand zone and reclaimed the H4 EMA area around $4,485/oz, suggesting that short-term selling pressure has weakened. However, the H4 RSI around 52 shows that recovery momentum is still not strong enough to confirm a clear bullish trend. If gold holds above $4,500/oz, it may retest the $4,550–$4,580/oz zone; otherwise, corrective pressure could return toward $4,460–$4,480/oz.
On the H4 timeframe, XAUUSD is showing notable short-term recovery signals after reacting strongly from the demand zone around $4,365–$4,380/oz. This is the area where price formed a clear rebound after the previous sharp decline, suggesting that selling pressure weakened as gold approached an important support zone.
XAUUSD is showing short-term recovery signals after reacting strongly from the $4,365–$4,380/oz demand zone and reclaiming the H4 EMA area around $4,485/oz. However, current momentum is still not strong enough to confirm a clear bullish trend. The $4,500/oz area will remain a key level, while the $4,550–$4,580/oz zone is still an important resistance area to watch.
Currently, gold is trading around $4,505/oz and has reclaimed the H4 EMA area near $4,485/oz. This move indicates that short-term momentum has improved. However, the overall H4 structure has not fully shifted into an uptrend yet. Previously, price remained in a corrective/downward phase, with clear supply zones still sitting above, particularly around $4,550–$4,580/oz, and further up near the $4,700/oz area.
The H4 RSI around 52 shows that momentum has moved out of a weak condition, but it is still not strong enough to confirm a clear bullish trend. This suggests that the current rebound may continue, but gold still needs to break clearly above nearby resistance zones to confirm more sustainable buying pressure.
In the short term, the $4,500/oz area is acting as an important psychological level. If price can remain stable above this zone, XAUUSD may continue moving higher to retest the nearby supply zone around $4,550–$4,580/oz. This is a key area to watch, as price was previously rejected there. If gold breaks above $4,580/oz, recovery momentum could extend toward the $4,600–$4,620/oz area.
Conversely, if gold fails to hold above $4,500/oz, corrective pressure may return, bringing price back toward the nearest support zone around $4,460–$4,480/oz. Deeper below, the $4,365–$4,400/oz area remains an important support zone for the current structure. If this area is broken, the recent rebound could be invalidated, and the bearish trend on the H4 timeframe may continue to dominate.
29.05.2026
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.
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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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