Gold, Technical Analysis – H1

Gold is currently undergoing an upward technical correction without any clear signs of a new trend or reversal. As a result, any strong resistance level could trigger a renewed and forceful decline. The key resistance zone lies at 4,080–4,090, where the price converges with the “slow” trend line.

Key Levels:

□ 4,080–4,090 (major resistance / correction target)

□ 4,050–4,060 (secondary resistance)

Primary Scenario:

Correction toward the 4,080–4,090 zone, followed by a sharp downward reversal.

Alternative Scenario:

Bullish weakness may also appear in the 4,050–4,060 area.

Analyst Commentary:

Gold remains highly susceptible to speculative sentiment. Entering the market without a clearly formed technical signal is not advisable.