Gold has rebounded to $4,152.00 on the H4 chart after a sell-off that pushed price down to roughly $4,110-$4,130. The metal remains below the $4,170 breakdown area, and traders are watching a confirmed H4 close above $4,180 or below $4,110 to determine the next move.
Gold stabilizes after sell-off
Gold has rebounded to $4,152.00 after the latest sell-off reached roughly $4,110-$4,130 on the H4 timeframe. Several small candles suggest an initial stabilization, but price remains below the breakdown area near $4,170 and the former September base. The current H4 candle is still forming, so a reversal is not yet confirmed.
Key levels in play
On the upside, resistance sits at $4,245.00-$4,260.00, where prior repeated lows now stand well above the current recovery attempt. A second band runs $4,220.00-$4,230.00, marking the prior September downside wick and the recent sell-off transition area. Closer to spot, resistance also holds at $4,170.00-$4,180.00, the upper wick area around the first pause after the steep sell-off.
Below current price, support clusters at $4,110.00-$4,130.00, where the latest candle bodies and lower wicks sit, though the analysis calls it a still-young stabilization area.
Breakout and breakdown scenarios
A confirmed H4 close above $4,180 would reopen $4,220 then $4,230, with invalidation on an H4 close back below $4,110. Conversely, a confirmed H4 close below $4,110 would lose the emerging base and expose $4,100, a round-number projection rather than visible historical support, with invalidation on an H4 close back above $4,180. The latest candle remains open, and all zones are rounded visual estimates.
Source: MQL5: Traders' Blogs
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