Gold Technical Analysis – Price breaks below 200-bar MA on 4H as momentum shifts lower | Forexlive

Gold has broken below the 200-bar moving average on the 4-hour chart, signaling a potential shift in momentum following its recent highs.The last few attempts of that rising MA (see green line on the chart above) found sellers

A close – and staying below this key trend-defining level – would confirm weakening bullish control and open the door for deeper corrective movement.

The next downside targets include:

• $3167.74 – the swing high from April 3> The low has reached $3173.85 so far

• $3139 – the underside of the broken ascending channel trendline

• $3129.26 – the 38.2% Fibonacci retracement of the rally from the November swing low

These levels represent key technical checkpoints where buyers may attempt to regroup. However, failure to hold those supports could lead to an extended pullback, especially if broader risk sentiment or interest rate expectations shift further.

For bulls to regain control, a move back above the 200-bar MA near $3,249 would be needed to neutralize the immediate bearish bias.

Key technical levels:

• Resistance: $3,249 (200-bar MA), $3,306 (recent swing high zone)

• Support: $3,167.74, $3,139, $3,129.26

• Bias: Bearish below 200-bar MA; neutralizing only above $3,249