#GOLD_UPDATE *Gold Stalls Near $4,486 as Intraday Uptrend Shows Signs of Fatigue*
_XAU/USD Pulls Back After Rejection at Supply Zone on 1-Minute Chart_
Gold is pulling back after failing to break above intraday resistance, with price now trading at *$4,479.63*, up just 0.02% on the session.
What the Chart Shows
- *Rejection at Resistance*: Price hit a supply zone near *$4,488-$4,490* and rolled over. The red shaded area acted as a ceiling twice in the last hour, with each test followed by a drop.
- *Trendline Break*: The rising blue trendline that supported gold since 11:45 got broken on the latest dip. Price is now hovering just above the $4,475-$4,477 demand zone.
- *EMA Compression*: The 14 and 21 EMAs crossed bearishly and are flat around $4,481-$4,482, signaling a loss of short-term momentum. The current move down measures about *$11.5*, or 0.26%, from the rejection high.
What It Means
The structure still leans bullish on the 1-minute timeframe as long as $4,472-$4,475 holds. That level was support earlier and aligns with the horizontal blue line. A hold here could set up another test of $4,486-$4,490.
If sellers push below $4,472, the next target is the blue demand zone around *$4,463*. The overall move remains choppy, with higher lows since 11:30 but lower highs since 13:30.
Bottom Line
Gold is in a short-term pullback after supply zone rejection. Bulls need to defend $4,475 to keep the intraday uptrend intact. A break lower opens the door to $4,463, while a reclaim of $4,482-$4,485 would flip momentum back in favor of buyers.