Gold is pulling back from the recent $4,380-$4,400 rebound area, with the captured price at $4,354.29. Nearby support lies around $4,330-$4,340. Recovery momentum has faded, but the current H4 candle is still forming; a confirmed close below $4,330 would put the rebound under further pressure.
Price: $4,354.29 | Timeframe: H4
Key Levels
🔴 Resistance: $4,490.00 - $4,500.00 — Upper rebound supply around the early-September swing high.
🟡 Resistance: $4,424.00 - $4,456.00 — Late-August and early-September congestion above the recent rebound.
🟡 Resistance: $4,380.00 - $4,400.00 — Repeated recent highs and rejections below the $4,400 area.
🟢 Support: $4,330.00 - $4,340.00 — Recent pullback wicks and prior short-term consolidation.
🟢 Support: $4,300.00 — Round-number pivot near the previous consolidation shelf.
🟢 Support: $4,260.00 - $4,280.00 — Repeated mid-September lows; a deeper wick extends toward $4,230.
Setup
Use confirmed H4 closes: above $4,400 would reopen $4,424-$4,456; below $4,330 would expose $4,300 then $4,260. Levels are approximate visual estimates. This capture uses EC Markets; the previous report used HF Markets, so prices are not directly comparable across feeds.
BREAKOUT / RECOVERY SCENARIO
Trigger: Confirmed H4 close above ($4,400.00)
Targets: $4,424.00 → $4,456.00
Invalidation: H4 close back below ($4,330.00)
BREAKDOWN SCENARIO
Trigger: Confirmed H4 close below ($4,330.00)
Targets: $4,300.00 → $4,260.00
Invalidation: H4 close back above ($4,400.00)
Technical analysis for educational purposes only. Not financial advice.
