⬤ Gold just landed at a major technical spot after getting hammered from recent highs, and traders are watching the $4,800 zone closely on the H4 timeframe. Price action rolled into this anticipated area exactly as expected, and now the market's gone quiet—trading sideways as buyers and sellers duke it out for control.
⬤ The charts tell the story: gold peaked near $5,500 before getting slammed lower in a brutal bearish run. That selloff dragged prices right back to a rising trendline, with $4,800 lining up perfectly with this structural support. Here's where things get interesting—the aggressive selling has stopped, replaced by choppy sideways action. If this consolidation holds, gold could make a run back toward $5,000, which now acts as the key resistance level smart money is watching.
⬤ But don't get too excited about any bounce. The bigger picture still screams downside risk. Any push toward $5,000 looks like a corrective move—a temporary relief rally before the real action resumes. Once that rebound plays out, the analysis points to renewed selling pressure, with the primary target sitting down at $4,200. That's where the bears are aiming, and it's clearly marked on the H4 chart as the next major objective.
⬤ This matters beyond just gold bugs. XAU/USD often signals what's happening with volatility, liquidity, and macro uncertainty across markets. The sideways action at $4,800 shows traders hitting pause after wild price swings, but that $4,200 target keeps the risk tilted lower. Whether gold bounces to $5,000 or breaks straight down to $4,200 will likely set the tone for precious metals in the near term. Right now, all eyes are on how this consolidation resolves—quick relief rally or straight back to the downtrend.
