Gold Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
XAU/USD chart, the market has shifted from a broader consolidation and bullish phase into a short-term bearish trend. After peaking near 5100, price formed a series of lower highs and lower lows, confirming weakening momentum. It is currently trading around 4926.18, after bouncing from the 4839.18 support zone, but the rebound appears corrective rather than a full reversal. The 50-period SMA has crossed below the 100-period SMA, signaling bearish pressure, and price remains below both averages, with the 50 SMA acting as resistance near 4950.00. Key resistance levels are seen at 4973.71–5000.00 and 5081.01, while support stands at 4879.80 and the critical 4839.18 level, where a breakdown could open the way toward 4675.00.



The RSI is near 49.13, reflecting neutral momentum after recovering from oversold conditions, but without strong bullish strength. Overall sentiment remains cautiously bearish unless price breaks and holds above 4975.00. Failure to reclaim resistance and a move below 4880.00 would likely lead to another test of 4839.18.
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