The move matters because gold is not just bouncing off the lows. It is also testing whether the latest recovery can carry into a broader trend reset.
Gold is pushing higher again as buyers extend the rebound and lift XAUUSD back toward the $4,750 area. The latest charts show stronger intraday momentum, a recovery from the recent pullback, and a market that is trying to rebuild after losing ground in March
The price is now back above recent support, but traders are still watching nearby resistance levels closely.
Gold Pushes Back Toward Resistance
Notably, the intraday XAUUSD chart from Investing.com shows gold at $4,743.64, up $76.26 (1.63%). Price trends steadily higher through the session and prints a series of higher pushes into the close. The chart also shows gold reclaiming the $4,700 area and moving close to the upper end of the day’s range.
The one-year gold chart from investing.com shows why this rebound matters. Gold trades at $4,743.50, up $69, or 1.48%, on the day, and remains well above levels seen through most of 2025. Even after the sharp March decline from above $5,000, the broader structure still shows a market holding a strong long-term uptrend
Daily Candle Shows Buyers Regaining Control
At the time of writing, Gold opens at $4,681.82, reaches a high of $4,763.04, touches a low of $4,661.61, and closes at $4,740.81, up $73.74 (1.58%). That candle confirms strong buying across the day and places the price near the session high rather than near the middle of the range.
Additionally, the TradingView daily chart adds more detail. Volume comes in at 313.74K, which supports the rebound. Price also recovers sharply from the recent dip toward the lower Bollinger area. The move shows buyers stepping in after the March washout and pushing the market back into the upper half of the recent recovery range.
Momentum Improves, But Resistance Still Stands Ahead
Meanwhile, the Bollinger Bands place the upper band at $5,379.39, the middle band at $4,800.78, and the lower band at $4,222.16. Gold closes at $4,740.81, which leaves it below the midline but clearly above the lower half of the band structure. That means the rebound is real, but the price still needs to clear $4,800 decisively before traders can call the structure fully repaired.
MACD is still negative on the TradingView chart, with the MACD line at -123.58, the signal line at -113.93, and the histogram at -9.65. Even so, the histogram is improving, which shows bearish momentum is fading. For now, support sits near $4,660 and then $4,500, while resistance starts near $4,800 and then the recent highs above $5,000.
Source: https://bravenewcoin.com/insights/gold-price-prediction-xau-usd-climbs-toward-4751-as-bulls-retake-near-term-control
