Gold is currently testing a major H4 demand zone around 4540 – 4565 after a strong bearish rejection from the 4715 resistance area. Price action shows that sellers remain active in the short term, but the market is approaching a key support region that has previously triggered bullish reversals.
The overall structure remains range-bound between 4540 support and 4715 resistance, with price reacting multiple times from both zones. A strong bullish reaction from current support could lead to a recovery toward 4635 first, followed by a retest of 4715 resistance. However, if the market breaks and closes below 4540, bearish momentum may accelerate toward the 4480 – 4450 zone.
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- Support: 4565 / 4540 / 4480
- Resistance: 4635 / 4715 / 4800
Market sentiment on H4 remains cautious as gold trades under short-term resistance while buyers attempt to defend the lower demand zone. Recent broader market commentary also highlights consolidation behavior in gold with major resistance around 4745–4800 and support near 4520–4550. (Ultima Markets)
Trading.Outlook
- Bullish above 4540 targeting 4635 → 4715
- Bearish below 4540 targeting 4480 → 4450
Risk management is essential because volatility in gold remains elevated.
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