FX.co ★ FX-Perfact | XAU/USD, GOLD

Gold H4: A Key Support Zone Could Trigger the Next Bounce Gold is currently trading around 4288 on the H4 chart after a noticeable correction from the late-August high near 4650–4700. The recent decline has brought price back toward an important support area, making the current structure worth watching closely. The most interesting part of this setup is the reaction around 4280–4300. Price has started moving sideways after the sharp drop, showing that selling pressure may be losing some strength near this zone. Several recent candles have struggled to continue lower, which could create the foundation for a short-term recovery if buyers begin to step in. The 200-period moving average is positioned around 4325, while the faster moving average remains considerably higher near 4486. This tells us that the broader H4 structure has weakened compared with the strong rally seen during August. However, the slower average is still rising, and the current price is approaching an area where buyers may attempt to defend the market.

For a bullish reaction, I would like to see Gold hold above 4280–4290 and then reclaim 4325. A sustained move above 4325 could improve the short-term structure and open the way toward 4406, followed by the 4480–4490 region where the faster moving average is located. On the other hand, if 4280 fails decisively with strong H4 candles closing below it, the bounce setup would become weaker and the market could continue searching for lower support around 4245 and 4165. For now, this looks more like a potential accumulation and reversal zone than a confirmed trend change. The key is the reaction from current support. A clean rejection of lower prices followed by a break above nearby resistance could provide the confirmation needed for a stronger bounce.