Gold (XAUUSD) has rebounded to near $4,600 resistance, but analysts warn the rally faces headwinds from weak trading volume and recent losses. The rapid $500 surge is seen as a short-term limit, with a pullback toward $4,450-$4,500 considered likely before any sustained upward move can continue.
Gold (XAUUSD) is trading at $4,541.24, marking a 3.02% increase over 24 hours. However, its 24-hour trading volume has fallen 49.22% to approximately $859 million.
Analyst Mary Taylor highlighted a strong rise on the 4-hour chart, pushing prices to the $4,580-$4,600 resistance zone. “If the price does not hold above this level, the trend is likely to shift again,” she stated via a social media post.
Another analyst, Shirley, mentioned the risk accompanying the current rally. She advised investors not to chase the market, noting that signals remain unstable.
Geopolitical tensions between Iran and the United States were cited as a driver for recent volatility. Shirley indicated the rapid $500 surge from $4,100 to $4,600 represents a short-term limit, with a pullback expected.
The upside targets of $4,650 and $4,700 remain valid if momentum persists above key support. Data from CoinGlass shows futures volume dropped 49.60% to $4.77 billion, while open interest fell 4.73% to $499.60 million. These figures reflect reduced market activity and a neutral sentiment among traders.
