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GOLD ATH Price Action Targets $4400 Technical Analysis
All-Time High Price ActionThe XAU/USD pair, also known as Spot Gold or the "yellow metal" in forex trading, represents the price of one troy ounce of gold (XAU) quoted in US Dollars (USD), serving as the primary safe-haven asset against currency debasement and geopolitical uncertainty. Today's fundamental analysis for the GOLD/USD pair will be heavily influenced by a busy schedule of Federal Open Market Committee (FOMC) members' speeches, including Governor Stephen Miran, Minneapolis Fed President Neel Kashkari, and St. Louis Fed President Alberto Musalem, with markets seeking any shift in the monetary policy outlook; any surprisingly hawkish comments—indicating a potential delay in interest rate cuts or a tightening of financial conditions—would likely boost the US Dollar strength, thereby exerting bearish pressure on the non-yielding gold price, while any dovish tones would reinforce the current bullish trend as a result of lower real rates. This focus on Federal Reserve sentiment highlights the extreme sensitivity of the GOLD/USD pair to changes in USD strength and rate hike expectations, which is critical for gold price prediction and daily chart technical analysis.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The XAU/USD H4 chart technical analysis clearly confirms an exceptional and extended bullish trend, with the Spot Gold price maintaining its All-Time High (ATH) run well above the $4300 level. Price action is currently focused on the significant psychological and technical resistance at $4400, which coincides closely with the 1.0 Fibonacci Extension level (near $4303.70), suggesting this zone is a potential profit-taking or resistance test area if the momentum persists. The Ichimoku Kinko Hyo indicator provides powerful trend confirmation, showing candles trading decisively above the Ichimoku Cloud (Kumo), the Conversion Line (Tenkan-sen), and the Base Line (Kijun-sen), with the future cloud remaining bright green—all signs of a strong, entrenched uptrend. The Williams %R oscillator, reading -4.89, indicates the price is deep in overbought territory (near the 0 line), signaling that the market is stretched and a short-term price action pullback or consolidation is highly probable, although strong parabolic trends can see this momentum indicator remain extreme for some time. Key support levels to watch for a corrective move include the 0.618 Fib at $4228.10 and the psychological $4200 support. The overall XAU/USD forecast remains strongly bullish, but the overextended nature of the rally carries high volatility and increased risk of a sharp correction.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
All-Time High Price ActionThe XAU/USD pair, also known as Spot Gold or the "yellow metal" in forex trading, represents the price of one troy ounce of gold (XAU) quoted in US Dollars (USD), serving as the primary safe-haven asset against currency debasement and geopolitical uncertainty. Today's fundamental analysis for the GOLD/USD pair will be heavily influenced by a busy schedule of Federal Open Market Committee (FOMC) members' speeches, including Governor Stephen Miran, Minneapolis Fed President Neel Kashkari, and St. Louis Fed President Alberto Musalem, with markets seeking any shift in the monetary policy outlook; any surprisingly hawkish comments—indicating a potential delay in interest rate cuts or a tightening of financial conditions—would likely boost the US Dollar strength, thereby exerting bearish pressure on the non-yielding gold price, while any dovish tones would reinforce the current bullish trend as a result of lower real rates. This focus on Federal Reserve sentiment highlights the extreme sensitivity of the GOLD/USD pair to changes in USD strength and rate hike expectations, which is critical for gold price prediction and daily chart technical analysis.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The XAU/USD H4 chart technical analysis clearly confirms an exceptional and extended bullish trend, with the Spot Gold price maintaining its All-Time High (ATH) run well above the $4300 level. Price action is currently focused on the significant psychological and technical resistance at $4400, which coincides closely with the 1.0 Fibonacci Extension level (near $4303.70), suggesting this zone is a potential profit-taking or resistance test area if the momentum persists. The Ichimoku Kinko Hyo indicator provides powerful trend confirmation, showing candles trading decisively above the Ichimoku Cloud (Kumo), the Conversion Line (Tenkan-sen), and the Base Line (Kijun-sen), with the future cloud remaining bright green—all signs of a strong, entrenched uptrend. The Williams %R oscillator, reading -4.89, indicates the price is deep in overbought territory (near the 0 line), signaling that the market is stretched and a short-term price action pullback or consolidation is highly probable, although strong parabolic trends can see this momentum indicator remain extreme for some time. Key support levels to watch for a corrective move include the 0.618 Fib at $4228.10 and the psychological $4200 support. The overall XAU/USD forecast remains strongly bullish, but the overextended nature of the rally carries high volatility and increased risk of a sharp correction.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
