XAU/USD Technical Analysis: Gold Price Scenarios
XAU/USD Technical Analysis: Gold Price Scenarios
A look at the four-hour XAU/USD chart reveals that this precious metal entered a corrective phase after hitting a peak of 4696. The price reacted negatively to the supply zone and is currently trading around the 4600 level. Traders should review the latest market headlines to better understand the current volatility.
Corrective Phase and Key Support Levels
I expect the current corrective phase to continue, pushing the price toward the demand zone between 4508 and 4532. If buyers step in within this range, we will likely see a rebound toward the 4700 psychological resistance level. In this scenario, gold might retest the supply zone between 4686 and 4718. Despite the recent downward movement, the overall market structure remains bullish. For deeper insights, you can utilize our professional market analysis reports.
Gold Price Targets and Alternative Scenarios
Once the corrective phase concludes, the following bullish targets for gold become relevant:
- First target: 4600
- Second target: 4650
- Third target: 4700
- Long-term targets: 4800 and 4900
If gold fails to bounce from the established demand zone, I anticipate a drop below the 4450 level to sweep seller liquidity. After that, a recovery remains possible. However, if the price fails to find support there, gold could decline further to the 4300 level. For real-time price tracking, visit our trusted market source.
Frequently Asked Questions (FAQ)
What is the current status of XAU/USD on the four-hour chart?
After hitting a peak of 4696, gold reacted negatively to the supply area. It is currently in a corrective phase, trading near 4600.
Where is the key demand zone for gold?
The corrective phase is expected to reach the demand zone between 4508 and 4532. If buyers enter here, the price could climb back toward the 4700 resistance.
What are the gold price targets after the correction?
Short-term targets are 4600, 4650, and 4700, while long-term projections look toward 4800 and 4900.
What happens if the demand zone breaks?
If the 4508-4532 zone fails, gold might drop below 4450 to gather liquidity, with a potential further slide toward 4300 if support is lost.
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