Gold Technical Analysis

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Gold Technical AnalysisXAU/USD SpotFX:XAUUSDtefrnMost markets closed on Good Friday, yet Non-Farm Payrolls (NFP) data will be released as scheduled ⚠️ ✅ Technical Overview 🌐 Daily Chart: Gold strongly broke above the key resistance at $4,670/oz and closed bullish. Short-term moving averages form a bullish alignment, with price steadily holding above all MAs, keeping upward momentum intact. MACD red histograms continue expanding with a golden cross rising far above the zero line, no divergence signals. KDJ climbs toward overbought territory but still retains upside potential. 🌐 4-Hour Chart: Gold accelerates higher, breaking the consolidation range and entering a strong ascending channel. RSI rebounds sharply from lows and nears overbought — bullish momentum remains robust, watch for short-term profit-taking pullbacks. MACD red bars expand further, bearish pressure fully exhausted. Bollinger Bands widen sharply; price breaks above the upper band, suggesting a minor pullback to retest the 5MA before resuming upside. ✅Key Price Levels Support: $4,600 (core support), $4,640 secondary near-term support Resistance: Around $4,700; levels above $4,760 count as extreme deviation zone, ultimate structural target at $5,390.