Continuing from yesterday's update — gold had been consolidating at $4,321.38 inside the $4,300–$4,395 zone. That's changed: price broke back above $4,395 and rallied to $4,430.39, right back into the $4,424–$4,456 pause zone that capped the market just before the breakdown two days ago.
Price: $4,430.39 | Timeframe: H4
Key Levels
🔴 Resistance: $4,700 — high was $4,697.14, capped the 24–25 Aug rally
🟡 Resistance: $4,565–$4,630 — broken pivot shelf, still well overhead
🟡 Resistance: $4,424–$4,456 — the pre-breakdown pause zone, being retested now
🟢 Support: $4,300–$4,395 — reclaimed since yesterday, now the level to hold
Setup
This is a genuinely interesting spot: price has round-tripped from this exact $4,424–$4,456 zone down to $4,282 and back up to retest it from below within two days. Whether it clears this zone cleanly or gets turned away again tells you a lot about whether the reclaim has real strength behind it.
Breakout / Recovery Scenario
Trigger: Reclaim and close above $4,456
Target: $4,565 → $4,630
Invalidation: Close back below $4,395
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.
