Technical Analysis: Gold Needs to Hold Above $4,600 to Continue Rally, MACD and RSI Maintain Bullish Signals

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汇通财经2026/03/25 06:38

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From a technical perspective, an intraday breakout above the 100-hour moving average at 4,530 can be seen as a key trigger for bullish traders. However, the subsequent rally stalled near the 38.2% Fibonacci retracement of the decline (around $4,600). Gold needs to strengthen above this level to provide support for further gains.
The MACD histogram remains positive, with its line above the signal line, reinforcing the uptrend. The RSI hovers at a high level above 60, indicating strong but not extreme bullish momentum, allowing buyers to maintain control during intraday pullbacks.
A sustained breakout and hold above $4,600 will once again confirm a constructive outlook, paving the way toward $4,637 (the next upward target) and even the $4,750 mid-range (near the 50% Fibonacci retracement level). Support below is at the 20-period moving average at $4,470, with stronger support expected near the 23.6% Fibonacci retracement at $4,408.
If the price falls below $4,408, the current bullish trend will be weakened and could retrace to the $4,250–$4,300 area. As long as the above support levels hold, the intraday upward trend can be maintained.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Technical Analysis: Gold Needs to Hold Above $4,600 to Continue Rally, MACD and RSI Maintain Bullish Signals

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