Gold GOLD technical analysis

Gold trades at $4398.8, up 0.13% on the day, with momentum weak on the 4-hour chart as RSI14 sits at 30 against a daily RSI of 47, reflecting a mixed trend where price hovers below the 4-hour SMA20 of 4,470.34.

Price is currently contesting the 4,365.5-4,381 support zone, which has drawn three touches, while overhead resistance stands at 4,412-4,509.1 with thirteen touches. A rising support trendline near 4,388.77 adds confluence, though the falling resistance trendline at approximately 4,560.7 caps upside.

For bulls, a hold above 4,365.5-4,381 with a push through 4,412 could target the 4,445-4,465.1 resistance. Bears need a break below 4,365.5 to expose the 4,322.54-4,335.86 zone, with further support at 4,292.2-4,327.6.