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.