FX.co ★ XAU/USD, GOLD

Gold H4: Buyers Defend the Key Support Zone Gold on the H4 timeframe is showing an interesting recovery after a sharp corrective move from the recent high near 4,680. The price declined strongly toward the 4,300 area, where buyers stepped in and created a noticeable reaction. This zone is now important because it has acted as a dynamic support area around the rising 200-period moving average. The current price is around 4,431, and the latest candles show that buyers are gradually regaining control. After touching the support near 4,300–4,330, Gold produced a strong rebound and moved back above 4,400. This recovery suggests that the recent decline may have been a correction rather than a complete reversal of the broader bullish structure. Another positive factor is the position of the moving averages. The shorter-term moving average remains above the longer-term average, while the 200-period average is still rising. This keeps the medium-term structure constructive as long as Gold remains above the 4,300–4,330 support region.

For the bullish scenario, the first challenge is around 4,430–4,450. A clean H4 close above this area could strengthen the recovery and open the way toward 4,485. If momentum continues, the next important area would be around 4,560, followed by the previous high region near 4,650–4,680. However, traders should not ignore the possibility of another pullback. If price fails to hold above 4,400 and sellers regain momentum, Gold could revisit 4,330. A decisive H4 break below 4,300 would weaken the bullish setup and indicate that the correction could extend further. For now, the chart favors a cautious bullish outlook. The reaction from the 200-period moving average is encouraging, but confirmation above 4,430–4,450 would make the potential upside move much stronger. The key remains how price behaves around these nearby resistance and support levels.