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Gold Price Reverses Strongly Above Key Support: What's Next?

Guavy AI Editorial Team Published September 4, 2026

Instruments

Gold

The price of gold has shown significant strength after reversing above the $4,300 support level.

A bullish hammer candle formed as the price failed to hold below this level and rebounded strongly.

Currently, the price is trading between the 50-day and 200-day Simple Moving Averages (SMAs), which lie between the $4,250 and $4,530 levels.

A break above $4,530 could push the price towards the $4,800 area, while a break below $4,250 would likely send the price towards the $4,000 area.

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