Live Updates > Live Update Details
2026-05-25 13:09:35
[Technical Analysis: Spot Gold May Retest $4575 Resistance Level] 1. During its rebound, spot gold may retest the $4575 resistance level per ounce. A successful break above this level could lead to further gains towards the $4613-$4651 range. 2. Gold has successfully broken through the downtrend line, signaling a reversal of the downtrend. Currently, due to resistance at $4575, the price has retreated towards the trendline. 3. As long as the price holds above $4527, it is highly likely to challenge the $4575 resistance level again. This assessment is based on the pattern formed since the May 18 low of $4480, which resembles an inverted head and shoulders bottom. 4. A break below $4527 could trigger a decline, targeting the $4473-$4498 range. 5. From the daily chart, the market has found support again near the $4510 support level. This stabilization indicates that the downward wave B, which began from the high of $4,889, has been completed, and an upward wave C reversal is expected to follow.
