Gold Signals Powerful Rebound: XAUUSD Targets $4,700
Gold (XAUUSD) has begun to regain its upward momentum, with technical indicators suggesting a potential upside retracement.
Gold is considered a global safe-haven investment, which many use to hedge against inflation & economic instability. At press time, the asset is trading at $4,412.38 with an increase of 0.71% over the past 24 hours.
Chart Signals Strengthening Momentum
The daily chart for Gold on TradingView reveals that it recently experienced a significant pullback after peaking just above $5,300. However, price is now starting to stabilize above the $4.325 support level, which has emerged as a key zone of demand for Gold.
In addition, Bollinger Bands have entered into tightening mode, signalling an imminent increase in price volatility. Furthermore, the RSI remains in the lower range and should begin to recover.
Should buyers continue to hold above current price levels, the asset has a good chance of moving towards $4,700 in the short term.
Also Read: Gold, Silver Drop Wipes $3 Trillion in 9 Hours Across Markets
Analysts Highlighting New Buy Signal
In a recent tweet from chart analyst Ali Charts, he highlighted that a new TD Sequential buy In signal is developing, in his opinion, near the most recent peak.
He believes that if the asset stays above $4,325, all we can do is go up from there because of the current price consolidation on the chart, with historical bullish conditions.
This signal frequently occurs at the completion of a corrective phase and typically suggests an impending or actual trend reversal to the upside.
Gold is flashing a major buy signal!
The TD Sequential indicator perfectly timed the $5,380 top on March 3, which led to a 23.81% reset. After a strong rebound from the lows, a fresh Daily Buy Signal has emerged.
As long as gold stays above $4,325, the path of least resistance… pic.twitter.com/z4NLFl0NFJ
— Ali Charts (@alicharts) March 24, 2026
While we conclude, the yellow metal is recovering due to technical and fundamental support based on the current market environment (increased Demand).
As long as prices hold above major technical support (around the $1,700 range), there is potential for a continued move higher towards the $4,700 target level. The current technical environment will be critical from a short-term price direction perspective.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Retail Investors Drive Gold and Silver ETF Surge in 2026
Filed under: Bitcoin - @ March 24, 2026 7:30 pm