Gold has slipped below the $4,330-$4,340 area and is testing toward $4,300 after failing to sustain the recent rebound near $4,400. The captured price is $4,313.04. The latest H4 candle is still forming, so this intrabar decline does not yet confirm a fresh closing breakdown.
Price: $4,313.04 | Timeframe: H4
Key Levels
🔴 Resistance: $4,424.00 - $4,456.00 — Prior late-August and early-September consolidation above the recent rebound.
🟡 Resistance: $4,380.00 - $4,400.00 — Recent recovery highs and repeated rejection around the $4,400 area.
🟡 Resistance: $4,330.00 - $4,340.00 — Nearby consolidation shelf now above the captured price; recovery must reclaim it.
🟢 Support: $4,300.00 — Nearby round-number level within the September consolidation area.
🟢 Support: $4,260.00 - $4,280.00 — Repeated mid-September candle lows and consolidation near the range floor.
🟢 Support: $4,230.00 — Approximate mid-September downside wick beneath the broader base.
Setup
Require confirmed H4 closes. A reclaim above $4,340 would favor a recovery toward $4,380-$4,400; a close below $4,300 would expose $4,280 then $4,260. The latest candle remains open. Levels are rounded visual estimates from the chart, not exact OHLC measurements.
BREAKOUT / RECOVERY SCENARIO
Trigger: Confirmed H4 close above ($4,340.00)
Targets: $4,380.00 → $4,400.00
Invalidation: H4 close back below ($4,300.00)
BREAKDOWN SCENARIO
Trigger: Confirmed H4 close below ($4,300.00)
Targets: $4,280.00 → $4,260.00
Invalidation: H4 close back above ($4,340.00)
Technical analysis for educational purposes only. Not financial advice.
