FX.co ★ XAU/USD, GOLD

*Gold Spot / USD 4H Technical Analysis* You switched to XAUUSD. Here’s the 4H read on Gold: *1. Trend & Structure* Gold’s been in a massive uptrend since late 2025, but April-May showed distribution. Price made lower highs 4,400 → 4,350 → 4,300 = bearish structure on 4H. Right now 4,175 is testing the March breakout level. Lose this = 4,050-4,000 next. Hold it = bounce back to 4,300. *2. Moving Averages – “Moving Evergreen”* The 50 EMA + 200 EMA are the key “evergreen” levels for Gold. Price is below both MAs now = bearish bias while under them. 200 EMA around 4,250 is acting as dynamic resistance. Every test of it in May/June got rejected. 50 EMA is sloping down toward 200 EMA = bearish crossover risk. A “death cross” on 4H would accelerate drops. Bullish flip only happens if Gold reclaims + closes 4H candles above 4,250 with volume. *3. RSI* RSI is hovering 35-40, not oversold yet. On 4H, Gold tends to bounce when RSI