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Today Technical Analysis: Gold Pulls Back Toward $4,700 as Momentum Fades After Recent Rally
Gold is currently trading within a corrective bearish structure on the intraday timeframe, following yesterday’s rally that peaked near $4,857. The rejection from this level was decisive, with a clear shift from bullish momentum into a sequence of lower highs and lower lows, confirming short term bearish control. The price is now stabilizing around the $4,700–$4,730 region, where we can observe a slowdown in selling pressure. Technically, the key level to watch on the upside is the $4,780–$4,800 resistance zone, which aligns with the previous breakdown area and the descending moving averages. A break above this ... (full story)
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- Apr 9, 2026 8:01am Posted byTechnical Analysis206
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