Gold is trading around 4,790 – 4,800 on H1, struggling to break above a descending trendline and showing signs of weakness after multiple failed attempts.
Market Context
US–Iran talks show progress → reduces immediate safe-haven demand
USD holding steady → limiting gold upside
Market shifting into a wait-and-see mode ahead of clearer geopolitical outcome
Technical View (H1)
Price rejected at trendline + resistance (~4,800)
Structure shows lower highs → bearish pressure building
Current move looks like a retest failure
Key Levels
Resistance: 4,800 – 4,813
Support: 4,768 → 4,752
Major Demand: 4,702
Scenario
Bearish: Continued rejection below 4,800 → downside toward 4,752 → 4,702
Bullish: Break and hold above 4,813 → structure shifts back to upside
Takeaway
Price is not breaking higher — it’s reacting at resistance inside a downtrend.
Is this the start of a deeper pullback… or just another trap before the next rally?
Market Context
US–Iran talks show progress → reduces immediate safe-haven demand
USD holding steady → limiting gold upside
Market shifting into a wait-and-see mode ahead of clearer geopolitical outcome
Technical View (H1)
Price rejected at trendline + resistance (~4,800)
Structure shows lower highs → bearish pressure building
Current move looks like a retest failure
Key Levels
Resistance: 4,800 – 4,813
Support: 4,768 → 4,752
Major Demand: 4,702
Scenario
Bearish: Continued rejection below 4,800 → downside toward 4,752 → 4,702
Bullish: Break and hold above 4,813 → structure shifts back to upside
Takeaway
Price is not breaking higher — it’s reacting at resistance inside a downtrend.
Is this the start of a deeper pullback… or just another trap before the next rally?
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Daily market views & trading signals 💋
Free Channel 👉 Link in Bio
Clear setups & risk management ✨
Trade together with SeSeLinaa.Gold
👉 Link in Bio
Free Channel 👉 Link in Bio
Clear setups & risk management ✨
Trade together with SeSeLinaa.Gold
👉 Link in Bio
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.