Gold Analysis – 29.May.2026

Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price once again followed the expected scenario. After reaching the $4500 region, Gold initially pulled back toward $4488 before buyers stepped in again and pushed price higher.

Following this recovery, Gold extended its rally and managed to reach the $4550 level earlier today. Currently, Gold is trading around the $4537 region, showing that buyers are still maintaining short-term control of the market.

In my view, there is still room for one more bullish expansion before a larger corrective move begins. As long as price remains above the $4500 psychological level, the probability of another push toward higher liquidity zones remains elevated.

From a structural perspective, the nearest supply zones are now located around $4550 – $4590, followed by a stronger resistance cluster between $4620 – $4660. On the downside, the closest demand zones are sitting around $4480 – $4500, with deeper structural support located between $4440 – $4460.

If bullish momentum continues, the next upside targets to monitor are $4559, followed by $4589, then $4620. After that, we need to carefully watch price behavior because a stronger bearish reaction could emerge from those higher supply zones.
(This Post on TradingView)

Author : Arman Shaban

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