Gold (XAU) Market Analysis April 20, 2026



Since the gold retracement to 4100, it has been in a rebound phase, and currently, no new upward momentum has been observed.

If the move starting at 4100 is a rebound from the decline below the red line in the chart, then the resistance level around 5021 marked by the blue level needs to be broken through!

If it is merely a rebound from the decline of the black line in the chart, the current trend has already met the basic conditions. As long as it does not fall below the pink-marked 4587 in the chart, support energy can still convert into upward momentum. Falling below that level would indicate the rebound has ended.

Before falling below 4587, the upward movement of the market from 4100 to 4875, as shown by the black line in the chart, belongs to the same level.
XAUT-0,24%
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