Continuing from 11 Sep's update — gold had touched $4,300.40, the exact floor of the support zone, before settling at $4,347.27. Since then price dipped briefly to $4,292.32 intraday — a brief undershoot of the floor — before recovering back inside the zone to $4,336.51, still capped by $4,424–$4,456 above.
Price: $4,336.51 | Timeframe: H4
Key Levels
🔴 Resistance: $4,700 — high was $4,690.28, 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 — brief undershoot to $4,292, back inside now
Setup
The floor got tested once more, and this time briefly gave way before buyers stepped back in — a slightly messier test than 11 Sep's clean touch, but the outcome was the same: reclaimed and holding. The range has now defended both edges multiple times each, which raises the stakes for whichever side eventually breaks it for good.
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.
