Gold Price Flashes Warning at $4,700: A Major Crash Coming?

Gold price is testing support near $4,650 after failing to break above the $4,772 target on the 4-hour chart. The price remains stuck in a tight range, with traders waiting for a breakout. The asset is trading between key Fibonacci levels, while momentum signals stay neutral on both the daily and 4-hour charts. A move above $4,800 could strengthen the bullish trend again. Gold Daily Chart Coils Inside Symmetrical Triangle Gold (XAU/USD) is consolidating inside a symmetrical triangle on the daily timeframe. The 0.382 Fibonacci retracement at $4,842 caps the upside. The 0.618 retracement near $4,376 anchors the floor. Price recently rejected the upper triangle band. It now sits closer to the support side, around $4,609. The Relative Strength Index (RSI) remains neutral. Gold Daily Chart. Source: Tradingview Volatility looks balanced, with the Bollinger Band Width Percentile (BBWP) reading near 50%. The apex is approaching, signaling an imminent breakout in either direction. A decisive close above the 0.382 Fibonacci would expose the 0.236 retracement at $5,131. A breakdown below the lower triangle boundary would shift attention back to $4,376. The tight coil follows the January peak at $5,598 and the subsequent correction to the 0.618 Fibonacci. Until the triangle resolves, the daily setup remains directionally neutral. Gold 4-Hour Chart Tests $4,650 After Bullish Target Reached The 4-hour chart turned neutral after gold reached the prior bullish target at $4,772. The pair has since rolled into a correction and is testing the $4,650 demand zone for the second time. A successful hold could clear the path toward $4,842, the long-term 0.382 Fibonacci. A failure at $4,650 would expose the next cushion near $4,500. If that level breaks, the previously broken descending parallel channel could be retested. That zone aligns with the 0.618 Fibonacci near $4,376, echoing the setup seen during the prior channel breakout. XAU 4-hourly chart. Source: Tradingview The RSI sits ar...