Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold (XAU/USD) extended its strong upward momentum, successfully reaching the projected target zone near $4,630 per ounce.
Technical Outlook – 4-Hour Chart
Current price action reflects a phase of natural and limited profit-taking following the sharp rally — a healthy behavior within the broader bullish structure.
The Relative Strength Index (RSI) is easing from overbought territory, generating short-term negative signals. However, these signals remain corrective in nature and do not undermine the prevailing positive trend.
Price continues to trade above the simple moving averages, reinforcing the dominance of the primary upward trend and confirming that bullish control remains intact.
As long as gold maintains daily closes above the $4,532 support level, the bullish scenario remains the most probable path.
Key Technical Levels & Scenarios
A clear and sustained break above the $4,630 level would reinforce and accelerate the uptrend, opening the door for further gains toward $4,641 and $4,660 in the near term.
Conversely, a confirmed break below the $4,532 support would signal the start of a corrective phase, initially targeting the $4,472 area, after which the broader trend would need to be reassessed.
Market Notes:
- High-impact U.S. economic data is due today, particularly the monthly and annual Consumer Price Index (CPI). Significant volatility is expected around the release.
- Gold trading currently carries elevated risk levels and may not be suitable for all investors.
- Ongoing trade and geopolitical tensions continue to amplify uncertainty, keeping all scenarios on the table.
Risk Disclaimer: Trading CFDs involves risks, and therefore all scenarios may be plausible. The content above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 4532.00 | R1: 4641.00 |
| S2: 4472.00 | R2: 4690.00 |
| S3: 4423.00 | R3: 4750.00 |
