Gold is consolidating near $4,275.15 after extending below $4,300. Recent candles show repeated lower wicks around $4,245-$4,260, but rebounds remain capped near $4,290-$4,300. The broader September recovery has faded; the latest H4 candle is still forming and a durable reversal is not confirmed.
Price: $4,275.15 | Timeframe: H4
Key Levels
🔴 Resistance: $4,380.00 - $4,400.00 — Prior recovery highs remain well above the latest decline.
🟡 Resistance: $4,330.00 - $4,370.00 — Earlier consolidation and the failed rebound now form overhead supply.
🟡 Resistance: $4,290.00 - $4,300.00 — Recent small rebound highs beneath the lost $4,300 round-number level.
🟢 Support: $4,245.00 - $4,260.00 — Repeated latest downside wicks and nearby mid-September candle lows.
🟢 Support: $4,230.00 — Approximate deeper mid-September wick below the current consolidation.
Setup
Wait for confirmed H4 closes. A reclaim above $4,300 would reopen $4,330 then $4,350. A close below $4,245 would lose the latest wick zone and expose the prior extreme near $4,230. Current price is a snapshot; the final candle is open. Levels are rounded visual estimates, not exact OHLC data.
BREAKOUT / RECOVERY SCENARIO
Trigger: Confirmed H4 close above ($4,300.00)
Targets: $4,330.00 → $4,350.00
Invalidation: H4 close back below ($4,260.00)
BREAKDOWN SCENARIO
Trigger: Confirmed H4 close below ($4,245.00)
Targets: $4,230.00
Invalidation: H4 close back above ($4,300.00)
Technical analysis for educational purposes only. Not financial advice.
