Eseandre Mordi
⬤ Gold prices ended the latest session above the $4,500 mark, reinforcing a bullish technical structure visible on the four-hour XAU chart. Price action remains contained within a rising range, with higher lows forming above trendline support. The chart also highlights previous resistance near $4,550, which now acts as the current all-time high zone.
⬤ Gold’s close above $4,500 confirms that upside momentum remains intact heading into the next trading week. The market has consistently responded positively to pullbacks, with each retracement attracting renewed buying interest. This behavior aligns with the chart structure, where price continues to respect upward-sloping support while consolidating below historical highs.
⬤ From a technical perspective, the $4,500 level is now the first key area to monitor. Below it, the chart and commentary both point to a support zone around $4,470–$4,475, followed by a more significant support band at $4,440–$4,445. Holding above these levels keeps the broader bullish setup intact. On the upside, a sustained break above the $4,550 all-time high could open the path toward the $4,600 level, as indicated by the projected move on the chart.
Eseandre Mordi
