Continuing from 10 Sep's update — gold was pressing against the $4,424–$4,456 resistance at $4,429.15. That level held again: price was rejected near $4,409, fell back through support, and touched $4,300.40 — the exact floor of the $4,300–$4,395 zone — before settling at $4,347.27.
Price: $4,347.27 | Timeframe: H4
Key Levels
🔴 Resistance: $4,700 — high was $4,697.17, capped the 24–25 Aug rally
🟡 Resistance: $4,565–$4,630 — broken pivot shelf, still well overhead
🟡 Resistance: $4,424–$4,456 — held again, rejected near $4,409
🟢 Support: $4,300–$4,395 — floor tested directly, low print $4,300.40
Setup
This is the cleanest test of the $4,300 floor yet — price touched it almost to the cent before bouncing. Combined with yet another rejection at $4,424–$4,456, the range is holding its exact boundaries even as the swings inside it get wider. A confirmed break of either edge now carries more weight given how precisely both have held.
Breakout / Recovery Scenario
Trigger: Reclaim and close above $4,456
Target: $4,565 → $4,630
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.
