XAUUSD, Time frame: 4h, source: trading viewXAUUSD, Time frame: 4h, source: trading view

Analysis

Gold remains within a broader corrective structure, with price recently rebounding from the $3,940–$3,970 demand zone. However, the recovery has so far stalled beneath the former support area around $4,061, which is now acting as resistance.

$4,061 Emerges as Key Resistance

The $4,061.49 level is the most important technical reference on the chart. This level aligns with a major volume-profile node and has repeatedly acted as a pivot throughout the recent range. The price is currently testing this zone from below after failing to hold above it earlier.

Volume Profile Highlights Heavy Participation

The volume profile shows the largest concentration of trading activity between $4,000 and $4,080, with the Point of Control centered near $4,061. This suggests the market is battling for acceptance around a key value area rather than establishing a clear trend.

Recovery From Demand Zone Remains Limited

While buyers successfully defended the $3,940–$3,970 support area, the rebound has been relatively modest. Recent candles show hesitation as price approaches resistance, indicating that bullish momentum remains limited.

RSI Recovers Toward Neutral

RSI has climbed back to around 50, recovering from weaker readings seen during the selloff. Momentum has improved, but the indicator remains firmly in neutral territory and does not yet signal a strong directional move.