Gold weekly chart with buy and sell levels April 05thGoldOANDA:XAUUSDF0rexBorexXAU/USD 1H Technical Analysis Strategic Buy Entry: $4,708 EMA Support: Price is currently consolidating above the 50 (Blue) and 100 (Grey) EMAs. A bounce from $4,708 confirms these as a solid floor. Fibonacci Confluence: This level aligns with the 0.236 Retracement ($4,714). Maintaining this level suggests a "shallow correction," which is a hallmark of a strong bullish trend. Momentum: Entry at $4,708 captures the move as it clears the psychological $4,700 barrier. Strategic Sell Entry: $4,660 Support Failure: A drop to $4,660 signifies a break below the 0.382 Fibonacci level ($4,655). Trend Shift: Moving below this point puts price action underneath the EMA cluster, shifting the 1-hour bias from bullish to bearish. Target: A breakdown here opens the door for a retest of the 0.50 Fib level near $4,607. Key Resistance & Bullish Confirmation The $4,760 Pivot: As noted on the chart, we must see a sustained break beyond $4,760 and the descending white trendline to maintain a long-term bullish outlook. Target Highs: Beyond $4,760, the primary target remains the recent peak at $4,810.