30 Apr 2026
📊 Technical Analysis: XAU/USD Testing Resistance
Gold (XAU/USD) is trading within a downward channel, but momentum is starting to shift bullish.
On the 4H chart, RSI has moved above 50 while MACD shows a bullish crossover — early signs of a potential reversal.
Price is currently testing trendline resistance near $4,640. A breakout could open the way toward $4,665 and potentially $4,730.
On the downside, key support stands around $4,500, with deeper support near $4,350 if bearish pressure returns.
