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GOLD – Technical Analysis – 4h

November 3, 2025 17:02

Quick Summary

The gold Futures chart exhibits a bearish overall trend with a notable decline from previous highs of 4340 to the current level around 4020.

Consolidation around 4000 suggests potential stabilization, indicating traders’ indecision in the current market.

Candlestick Analysis

The overall trend has been bearish, with a significant drop from previous highs around 4340 to the current level near 4020.

There are indications of consolidation around the 4000 mark, suggesting possible stabilization.

No prominent reversal patterns, such as a hammer or bullish engulfing, are evident.

MACD Analysis

Currently, the MACD line is converging toward the Signal line.

A bullish crossover might be imminent, indicating a potential shift in momentum.

The histogram is increasing towards zero, suggesting weakening bearish momentum and potential reversal signs.

Volume Analysis

Volume spiked during the recent downtrend, indicating strong selling pressure.

As the price consolidated around 4000, volume has decreased, suggesting reduced selling pressure.

The lower volume during the consolidation phase may indicate a lack of conviction in the bearish trend.

Support & Resistance

Key support is around 4000, where the price has bounced off several times.

Resistance is around 4100, a previous support level that the price needs to break to confirm any bullish reversal.

Confirmation through volume changes and MACD crossovers will be key for making informed decisions.

Actionable Insights

Consider buying if the price breaks and closes above 4100 with strong volume and a confirmed MACD bullish crossover.

Beware of further selling pressure below 4000, especially if accompanied by high volume and a bearish MACD signal.

If holding, watch for confirmation of a breakout above resistance or a breakdown below support.

The AI Technical Analysis Center is an informational tool only and does not constitute investment or trading advice.
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