XAU/USD | 4H Technical Analysis — Apr 9, 2026
Gold staged a sharp recovery after a severe sell-off in mid-March and has since traded within a well-defined ascending channel. Price is currently hovering around 4700, with EMA21 and EMA78 having completed a bullish cross, which is the first meaningful structural shift since the breakdown from the 5400 highs.
The initial collapse from the March 4 peak near 5400 was swift and aggressive, with price flushing all the way down to the 4100 area, a drop of roughly 1300 points. The subsequent recovery has been orderly, however, with price climbing steadily along the ascending channel and reclaiming the 4500 and 4700 levels sequentially.
Price is currently testing 4700, which aligns closely with both EMAs and the channel's lower bound. A brief spike to 4850 was seen around April 7–8, but failed to hold, pulling back into the 4700 area, where the price is now compressing.
Key levels to watch:
Resistance: 4850 (immediate) / 5000 (major)
Support: 4700 → 4660 → 4500–4505 (channel support) → 4350
Bear case: Failure to hold above 4700 and a break below the ascending channel lower bound would signal that the recovery is exhausted. A close below 4500 would re-expose the 4350 and 4170 zones.
Bull case: A clean break and hold above the 4740–4760 resistance cluster, with EMA cross maintaining its bullish alignment, opens the path toward 4850 retest and eventually the 5000 psychological level.
Bias remains cautiously bullish as long as price holds within the ascending channel.
Gold staged a sharp recovery after a severe sell-off in mid-March and has since traded within a well-defined ascending channel. Price is currently hovering around 4700, with EMA21 and EMA78 having completed a bullish cross, which is the first meaningful structural shift since the breakdown from the 5400 highs.
The initial collapse from the March 4 peak near 5400 was swift and aggressive, with price flushing all the way down to the 4100 area, a drop of roughly 1300 points. The subsequent recovery has been orderly, however, with price climbing steadily along the ascending channel and reclaiming the 4500 and 4700 levels sequentially.
Price is currently testing 4700, which aligns closely with both EMAs and the channel's lower bound. A brief spike to 4850 was seen around April 7–8, but failed to hold, pulling back into the 4700 area, where the price is now compressing.
Key levels to watch:
Resistance: 4850 (immediate) / 5000 (major)
Support: 4700 → 4660 → 4500–4505 (channel support) → 4350
Bear case: Failure to hold above 4700 and a break below the ascending channel lower bound would signal that the recovery is exhausted. A close below 4500 would re-expose the 4350 and 4170 zones.
Bull case: A clean break and hold above the 4740–4760 resistance cluster, with EMA cross maintaining its bullish alignment, opens the path toward 4850 retest and eventually the 5000 psychological level.
Bias remains cautiously bullish as long as price holds within the ascending channel.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.