Gold, Technical Analysis – H4

Gold remains confined within a very tight trading range of 4,130–4,200. The price may continue to consolidate in this corridor for some time until meaningful catalysts emerge to trigger a directional breakout. A renewed bearish move will gain clarity if the key support at 4,130 is decisively lost. In that case, the price could decline toward $4,025 per troy ounce.
Key Levels:
□ Support: 4,130
□ Resistance: 4,200
□ Downside target: 4,025
Primary Scenario:
Sideways consolidation (flat) within the 4,130–4,200 range.
Alternative Scenario:
Break below 4,130 leading to a new bearish swing.
Analyst Commentary:
The asset has exhausted the speculative momentum generated by Middle East tensions and now likely requires a cooling-off period.