Buying pressure recovers - gold price heads towards 4900GoldOANDA:XAUUSDMoon-ForexAcademy🔍 Technical Analysis – Gold (XAU/USD ) ( April 15, 2026 ) 1. Trend / Structure Short-term structure is bullish after a strong rebound from the recent low (~4,64x). Price is forming a clear ascending channel (higher lows + higher highs). However, price is now approaching a major resistance zone near the previous top. 👉 Key idea: This is a bullish recovery phase testing higher supply, not yet a confirmed breakout. 🧠 Price Action & Behavior Price has: Pushed strongly upward (impulsive move) Started to slow down near resistance (~4,85x – 4,87x) Current candles show: Small bodies / consolidation Lack of strong follow-through buying 👉 This suggests: Momentum is stalling Market may enter pullback or distribution phase 📊 Key Levels 🔴 Resistance (Sell / Reaction Zone) 4,850 – 4,870 🔵 Support (Buy Zones) 4,790 – 4,800 (first pullback zone) 4,740 – 4,760 (stronger support + structure + EMA) ~4,700 2. News Gold (XAU/USD) jumps 2% on Tuesday, trading near $4,835 after rebounding from $4,742, as renewed optimism over US-Iran talks boosts sentiment despite ongoing tensions in the Strait of Hormuz. Softer Oil prices and a weaker US Dollar support the rally, while comments from US President Donald Trump about a potential meeting with Tehran keep markets focused on geopolitical developments. 3. Signal 🔴 SELL GOLD zone 4900 - 4903 SL 4908 TP: 4875 - 4844 - 4800 ===================== 🔵BUY GOLD zone 4786 - 4783 SL 4778 TP: 4802 - 4844 - 4880 =====================