Overview
- Gold has retreated from its 2026 highs and is trading in the mid-$4,100s following a short-term pullback in mid-October.
- Price fell below both the 100-hour and 200-hour moving averages, a shift that technical analysts say gives sellers the near-term bias.
- Traders have marked $4,150–$4,160 as the first key support zone and view a break below $4,140 as a clear negative signal for bulls.
- Last week’s low near $4,066.21 is the immediate downside test and a sustained break there would put $4,000–$4,018.79 and roughly $3,943–$3,959 into play as conditional targets.
- Weekly indicators show only mild selling pressure, so a short-term bounce toward $4,200 remains possible if buyers defend the support but the weekly chart does not confirm a lasting trend reversal.