Gold (XAUUSD) is maintaining a bullish H1 structure after a strong move higher from the lower RBS zones. Price is currently consolidating around 4380–4390 after facing rejection from the SBR Structure Shifting Zone near 4424–4434.
The immediate RBS support zone around 4362–4370 is now the key area to watch. If buyers continue to defend this zone, Gold could make another attempt toward 4424–4434. A confirmed breakout above this resistance could open the way toward the higher SBR zone around 4469–4489.
However, the chart also shows RSI divergence, while RSI is currently around 52.7, indicating that bullish momentum has cooled. Therefore, a rejection from resistance followed by a break below the RBS zone could lead to a deeper correction toward 4300–4305.
🔑 Key Levels
🟢 Immediate Support: 4362.76 – 4370.66
🟢 Major Support: 4293.81 – 4305
🔴 Resistance: 4424.20 – 4434.00
🎯 Major Resistance / Target: 4468.98 – 4489.22
📊 RSI Outlook
RSI is near 52.7, showing neutral-to-positive momentum. The marked RSI Divergence suggests that buyers should be cautious around the resistance zones, particularly if price fails to make a sustained breakout above 4434.
📈 Weekly/Intraday Bias
Bullish above 4362–4370: A successful defense of this RBS zone can support another move toward 4424–4434.
Breakout scenario: A confirmed H1 close above 4434 could target 4469–4489.
Bearish scenario: A confirmed break below 4362 may trigger a deeper pullback toward 4305–4293.
Overall Bias: 🟢 Bullish above 4362 | 🔴 Correction risk below 4362
This analysis is for educational purposes only and should not be considered financial advice.
The immediate RBS support zone around 4362–4370 is now the key area to watch. If buyers continue to defend this zone, Gold could make another attempt toward 4424–4434. A confirmed breakout above this resistance could open the way toward the higher SBR zone around 4469–4489.
However, the chart also shows RSI divergence, while RSI is currently around 52.7, indicating that bullish momentum has cooled. Therefore, a rejection from resistance followed by a break below the RBS zone could lead to a deeper correction toward 4300–4305.
🔑 Key Levels
🟢 Immediate Support: 4362.76 – 4370.66
🟢 Major Support: 4293.81 – 4305
🔴 Resistance: 4424.20 – 4434.00
🎯 Major Resistance / Target: 4468.98 – 4489.22
📊 RSI Outlook
RSI is near 52.7, showing neutral-to-positive momentum. The marked RSI Divergence suggests that buyers should be cautious around the resistance zones, particularly if price fails to make a sustained breakout above 4434.
📈 Weekly/Intraday Bias
Bullish above 4362–4370: A successful defense of this RBS zone can support another move toward 4424–4434.
Breakout scenario: A confirmed H1 close above 4434 could target 4469–4489.
Bearish scenario: A confirmed break below 4362 may trigger a deeper pullback toward 4305–4293.
Overall Bias: 🟢 Bullish above 4362 | 🔴 Correction risk below 4362
This analysis is for educational purposes only and should not be considered financial advice.
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.
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.