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Gold falls below trendline, 4739 selling range defines recovery
Gold is showing increasing technical weakness on the 4-hour chart as price trades below the previous uptrend line and continues to struggle below the 4739 sell zone. The current structure suggests that bullish momentum is fading and the market is beginning to tilt toward a deeper correction.
Technical structure
From a technical perspective, gold prices broke through the previous upward channel after losing the support of the upward trend line. Since that plunge, the price has been bearish and continues to trade below the nearby resistance area.
The 4739 area is now a clear selling zone. Recent price action has failed to regain this level, confirming that supply remains active and buyers are not yet strong enough to rebuild momentum above resistance.
Volume distribution also adds to the current bearish bias. The chart shows that price is moving away from the upper value area, while the structure of lower highs is still visible on the right side of the chart. This reflects weaker participation on the upside and the market’s gradual acceptance of lower prices.
As long as gold prices remain below the breakout trendline and below 4739, the technical structure remains vulnerable to further downside extension.
critical level
Sell/Resistance Zone: 4739
Breaking through dynamic support: early rising trend line
Interactive main support: 4556
Buy Area/Control Point: 4404
Minimum structural support: 4352
Scenarios and Forecasts
The preferred scenario remains continued downside.
As long as prices remain below 4739, gold prices are likely to continue falling towards 4556, which is the first significant reaction area on the chart. If selling pressure continues to be strong and support fails to hold, the market may move further into the 4404 buy zone, where volume suggests stronger interest may return.
If the pullback extends further, the 4352 level remains deeper structural support.
On the other hand, if the price recovers to 4739 and starts to consolidate above, with stronger acceptance, then the immediate downward pressure will weaken and the structure will need to be re-evaluated.
in conclusion
Gold is currently trading in a weaker technical position after missing the uptrend line and failing to recover above the 4739 sell zone.
As the price moves away from resistance and the structure appears heavier on the 4-hour chart, the market continues to tilt towards lower support and liquidity areas, with 4556 and 4404 emerging as key bearish references.