Gold (XAU/USD) is currently showing bearish pressure after a strong rejection near the $4,800 resistance zone, which aligns with the 200-period EMA on the 4-hour chart. This level has now flipped into a key resistance, giving sellers short-term control of the market. Momentum indicators support this outlook. The Relative Strength Index (RSI) has declined from overbought levels above 70 toward the mid-range, indicating weakening bullish momentum. At the same time, the MACD is pulling back from recent highs, suggesting that upside strength is fading rather than continuing.
🔻 Bearish Scenario A confirmed break below the $4,554 – $4,553 support zone could trigger further downside movement. In that case, price is likely to target:
$4,500 – Key psychological level and demand zone
$4,400 – Next major support if selling pressure increases
📈 Bullish Scenario If buyers regain strength and push price above $4,765, we could see a short-term recovery toward:
$4,820 – $4,830 – Strong resistance zone reinforced by the 200 EMA
🧠 Market Outlook The overall structure suggests a bearish bias in the short term, with traders closely watching the $4,553 support level for confirmation of the next move.
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