Gold Technical Analysis Today
Summary
Gold is trading at 4214.6, up 0.93% on the day, after a swing rally from 4162.9 to 4221.0. Price is pressing against the key resistance cluster at 4217.6–4222.8 while sitting above the 38.2% Fibonacci support at 4198.81. The overall bias is bearish with medium confidence, and the broader 4-hour Ichimoku context places price below the cloud, reinforcing caution.
Key levels — confluence zones
Zones where several technical levels cluster together (moving averages, SuperTrend, Fibonacci retracements, previous-day range, swing points). More converging levels mean a more relevant zone.
| Resistance | Levels | Strength |
|---|---|---|
| 4,217.60–4,222.80 | Swing high + Swing high + SuperTrend + Swing high + Previous-day high | ●●●● |
| 4,271.49 | SMA200 | ● |
| Support | Levels | Strength |
|---|---|---|
| 4,198.81–4,202.08 | Fib 38.2% + SMA20 + SMA50 | ●●● |
| 4,191.95 | Fib 50.0% | ● |
| 4,178.40–4,185.18 | Swing low + Swing low + Fib 61.8% + Elliott invalidation | ●●●● |
Trend
All short-term moving averages are clustered below current price — SMA20 at 4199.89 and SMA50 at 4202.08 — but the SMA200 sits well above at 4271.49, acting as a major overhead barrier. SuperTrend is printing a bearish reading at 4218.13 with direction confirmed down. The 4-hour regime is below the cloud, with a bear score of 4 and a bull score of 0, underlining the dominant downward pressure.
| Indicator | Value | Reading |
|---|---|---|
| SMA 20 | 4,199.89 | price above |
| SMA 50 | 4,202.08 | price above |
| SMA 200 | 4,271.49 | price below |
| SuperTrend (10,3) | 4,218.13 | bearish |
| Ichimoku 4H | below the cloud | 0/4 bullish · 4/4 bearish |
Momentum
RSI stands at 52.3, a neutral reading that leans slightly constructive but offers no strong directional conviction. MACD at 1.294 is above its signal line of 0.63, suggesting residual short-term upward momentum. Volume ratio at 0.57 indicates below-average participation, warning that the current bounce lacks meaningful conviction behind it.
| Indicator | Value |
|---|---|
| RSI (14) | 52.3 |
| MACD / signal | 1.294 / 0.63 |
| Volume vs 40-bar average | ×0.57 |
Structure — swing, Fibonacci and Elliott Wave
The last swing ran from 4162.9 to 4221.0. Key Fibonacci retracement levels sit at 4198.81 (38.2%), 4191.95 (50.0%), and 4185.09 (61.8%). Elliott wave analysis places price in Wave C — the final corrective leg at 191.3% of Wave A — noted as near completion, with invalidation at 4185.18 and downside targets at 4107.4 and 4084.66.
| Element | Level |
|---|---|
| Last swing | 4,162.90 → 4,221.00 (up) |
| Fibonacci 38.2% | 4,198.81 |
| Fibonacci 50.0% | 4,191.95 |
| Fibonacci 61.8% | 4,185.09 |
| Elliott Wave | Wave 🅒 — Final Corrective Leg (191.3% of A) [NEAR COMPLETION] |
| Elliott invalidation | 4,185.18 |
Trade scenarios
Educational scenarios built from the confluence zones. Entry, stop and target are calculated by our engine; risk/reward is computed from the published numbers, and scenarios with an unfavourable ratio are flagged rather than presented as opportunities.
| Scenario | Entry | Stop | Target | R:R | Quality |
|---|---|---|---|---|---|
| Bullish aggressive (pullback) | 4,202.08 | 4,189.53 | 4,217.60 | 1.24:1 | unfavourable |
| Bearish aggressive (rejection) | 4,217.60 | 4,232.07 | 4,202.08 | 1.07:1 | unfavourable |
| Bullish conservative (breakout) | 4,227.44 | 4,208.33 | 4,271.49 | 2.31:1 | good |
| Bearish conservative (breakdown) | 4,194.17 | 4,211.36 | 4,191.95 | 0.13:1 | unfavourable |
Outlook and confirmation
A bearish case activates on a rejection at the 4217.6–4222.8 resistance zone or a breakdown below the 4198.81 trigger. The Elliott Wave C structure supports further downside toward 4107.4 if 4185.18 is broken. The bullish case requires a confirmed breakout above 4222.8; the long breakout scenario targeting 4271.49 carries the only favourable risk/reward at 2.31. All other scenarios are flagged as poor quality.
FAQ
What is the Gold trend today?
On the 1-hour chart our engine reads a bearish bias with medium confidence (score -4/7), based on moving averages, MACD, RSI, SuperTrend and the 4-hour Ichimoku context. Gold trades at 4,214.60.
What are the key support levels for Gold?
The nearest support zones are 4,198.81–4,202.08, 4,191.95, 4,178.40–4,185.18.
What are the key resistance levels for Gold?
The nearest resistance zones are 4,217.60–4,222.80, 4,271.49.
What would confirm a move in Gold?
An hourly close above 4,222.80 would confirm the bullish case. An hourly close below 4,198.81 would confirm the bearish case.
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