XAUUSDT Technical Breakdown: Pullback or Reversal Ahead?

Gold (XAUUSDT) is trading around $4,601.43, down -0.58% over the last 24 hours. The price action across the 4-Hour and 1-Daily charts shows a macro bullish recovery facing short-term selling pressure near key resistance.

Technical Analysis Key Takeaways

4-Hour Chart (Short-Term Pullback):

Recent Peak & Reversal: Gold surged to a local peak of $4,695.72 before pulling back.

Parabolic SAR Indicator: The red Parabolic SAR dots have flipped above the price candles (currently at 4,648.68), signaling short-term bearish momentum.

MACD Bearish Crossover: The 4H MACD shows momentum weakening, with the MACD line crossing below zero (-8.95) and red histogram bars expanding, indicating sellers are in short-term control.

Support Levels: Key lower support sits around $4,453 and $4,308.

1-Daily Chart (Macro Bullish Trend):

V-Shaped Recovery: Gold has staged a strong macro recovery from its recent low of $3,950.00, making a massive run toward high-level liquidity.

Parabolic SAR: On the daily timeframe, the Parabolic SAR remains below current price levels at 4,527.72, maintaining the broader uptrend structure.

MACD Momentum: Daily MACD (DIF: 116.30 / DEA: 108.17) remains strongly positive, though the histogram shows momentum flattening out near resistance.

Major Resistance: The macro swing high at $4,773.67 remains the primary upside target if bulls reclaim control.

Trading Strategy Outlook

Bullish Scenario: To resume the macro rally toward $4,773, bulls need to defend the daily Parabolic SAR support around $4,525–$4,580 and push price back above the 4H resistance zone near $4,650.

Bearish Scenario: A breakdown below $4,580 could trigger further correction down to the next liquidity zone near $4,453.

Are you looking to trade this setup on a breakout or wait for a test of lower support?

DYOR!

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