Continuing from yesterday's update — gold had broken down into the $4,300–$4,395 zone and steadied at $4,321.59 after an intraday low of $4,282.18. Little has changed since: price is essentially flat at $4,321.38, still consolidating in the same zone with no clear resolution yet.
Price: $4,321.38 | Timeframe: H4
Key Levels
🔴 Resistance: $4,700 — high was $4,696.04, capped the 24–25 Aug rally
🟡 Resistance: $4,565–$4,630 — broken pivot shelf, still overhead
🟢 Support: $4,300–$4,395 — holding for a second day now
🟢 Support: $4,200–$4,230 — deeper structural support (early Aug pause)
Setup
Two days running in the $4,300–$4,395 zone without a clean break either way. This is starting to look like a genuine pause rather than a stop on the way lower, but it hasn't been confirmed — the range needs to actually break for the next leg to reveal itself.
Breakout / Recovery Scenario
Trigger: Reclaim and close above $4,395
Target: $4,464 → $4,565
Invalidation: Close back below $4,300
Breakdown Scenario
Trigger: Confirmed H4 close below $4,300
Target: $4,230 → $4,200
Invalidation: Reclaim above $4,395
Technical analysis for educational purposes only. Not financial advice. Chart: user's own H4 XAUUSD terminal.
