In today’s breakdown, gold is showing signs of life again after last week’s flush, but the market hasn’t fully flipped bullish yet. Price is trying to build a base around the $4,080–$4,090 zone, which is exactly where the 15-min and 1-hour charts keep reacting.
On the 15-min, gold has finally broken above short-term lower highs, but it’s still sitting right under the descending trendline from the selloff. Buyers are defending intraday levels well, especially $4,057 and $4,032 which tells us the downside pressure is slowing.
On the 1-hour, the structure is still technically bearish, but you can feel the tone shifting. Price reclaimed the 50-EMA and is testing the $4,100 level again. If we get a clean 1-hour close above $4,100, it opens a smoother path toward $4,145 and even $4,210 but until that happens, every push higher is still fighting the previous trend.
Key levels remain the same:
Support: $4,057, $4,032, $4,010, $3,965
Resistance: $4,100, $4,145, $4,210
For now, gold is caught in a short-term fight. Buyers need $4,100 to break convincingly; sellers want to drag price back under $4,057 to regain control.
What could happen today will likely revolve around which side wins that $4,090–$4,100 battle.