Spot gold technical analysis: After a weak rebound, it may test the $4,140 support again.

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智通财经2026/10/01 05:35

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Technical analysis shows that spot gold may moderately rebound to the $4,178–4,190 range before retesting the $4,140 support level.
The rebound initiated from $4,110 appears to have ended, as confirmed by the previous sharp pullback from $4,219. Gold prices found temporary support at $4,140, which is the 14.6% retracement of the decline from $4,316. This support triggered a rebound, but the strength is expected to be weak and short-lived.
If the price breaks above $4,190, gold could further test $4,216. On the daily chart, gold has fallen below the key support at $4,231, which is the 61.8% retracement from the $3,943 to $4,696 rally.
This breakdown significantly increases the likelihood of retesting the $3,943 low. If the price rebounds and breaks through $4,231 (now resistance), it could rise to the $4,322–4,410 range.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Spot gold technical analysis: After a weak rebound, it may test the $4,140 support again.

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