Will gold prices rise to $4600? Bulls hold on to the $4000 mark, and one analyst expects a rebound

After weeks of selling pressure, gold buyers stepped in around $4000 to hold on to an area that many traders see as critical to the metal's short-term direction.

Price movements over the past few trading days suggest that the market is preparing for a directional breakthrough. The downtrend line that has suppressed every rally since highs near $5550 remains intact, and the structure of lower highs and lower lows continues to define broader trends. But beneath the surface, there are signs that selling pressure is beginning to abate.

Gold breaks through two-month resistance-why this may be different

The two-month downward resistance line has always been a tough nut for gold. Every upswing encounters a new sell-off. But the downward wedge forming near the low point suggests that the balance of power may be changing.

Analyst Rashad Hajiyev clearly saw this pattern. He expects gold to break through this downward resistance line upwards in the short term, then experience another sell-off to form a higher low, and then continue to move towards $4600. This sequence-breakthrough, backtest, continuation-is a classic routine of descending wedges, consistent with current technical aspects.

Gold has been defended by buyers around $4000. I believe that gold will break above the two-month downward resistance line at any time, then experience another sell-off to a higher low, and then take off towards $4600...

The difference between this potential breakthrough and previous failed attempts lies in the momentum background. The bearish momentum has slowed down significantly.

Although the market has not yet confirmed a shift in the bullish structure, price behavior near support is encouraging. The $3980 to $4020 range has been tested many times, and buyers have guarded the area every time.

For gold to convincingly break through the two-month resistance line, it needs to close above US$4,040 - 4,070 near the wedge boundary and then hold that level during backtesting. A successful backtest will shift the short-term structure from bearish to neutral and open the door for a move to the next major resistance area near $4,180 - 4,220.

Why the next fall may be the opportunity you have been waiting for to enter the market

Not every rebound is worth chasing. The most profitable deals often come from being patient and waiting for the market to confirm intentions before investing money.

For gold, patience may be rewarded in the form of another decline, creating a high-probability long entry point. The wedge shape suggests a breakthrough is imminent, but there is no guarantee that the trend will rise straight. In fact, the most reliable pattern often involves false breakthroughs or shock washes, clearing weak positions before the real market starts. Hajiyev's view is consistent: he expects to break through resistance first and then fall to a higher low.

This fall could be the entry opportunity you have been waiting for a simple reason: Higher lows will break the sequence of lower lows that define the downtrend and become the first signal that bears are out of control and gold is building a bottom.

Traders should pay close attention to the $4000 level. A return to the region after a breakthrough will provide a favorable risk-reward ratio, with stop losses set below recent lows of $3980 and upside potential pointing to the main trend line of $4,500 - 4,550.

Gold target price: US$4600-What needs to happen to achieve

The US$4600 target is ambitious, but it is not out of reach if technical conditions match. Reaching this level requires gold to clear multiple obstacles along the way, each obstacle that will test the determination of bulls and bears.

First, gold must break through the wedge resistance level near $4070. This is an immediate obstacle and the first signal that the form is unfolding. From there, metals will need to recover the $4,180 - 4,220 area, which was previously support but is now turning into resistance. A clean breakthrough in this area will confirm the end of the short-term downtrend and the sustainability of the recovery.

The most important obstacle is the large downtrend line near $4,500 - 4,550. This trend line has defined a bear market since its high and is the last major barrier before gold prices target $4600. Breaking through it would be a powerful signal that trends are shifting and that the recovery is real.

To achieve this scenario, the market needs to see an upward structural breakthrough and a bullish structural shift.

Gold is about to rebound or is there still more pain?

The short-term direction of gold depends on a key level: $3980. As long as buyers hold the area, the wedge pattern is effective and the bullish pattern remains intact. A decisive break in this support would invalidate the pattern and could lead to the continuation of the broader bearish trend.

The risk of further decline is real. The overall market structure remains short, with gold still trading below all major trend lines. A bullish structural breakthrough has not been confirmed, nor has the sequence of lower highs been broken. Until these conditions change, the path of least resistance remains downward.

Frequently Asked Questions

Whether gold prices are expected to rise or fall

Gold may fluctuate in either direction in the short term. Prices typically rise in times of economic uncertainty and falling interest rates, while a stronger dollar or rising bond yields could put pressure on gold.

Will gold prices fall in 2026

There may be a correction in gold in 2026, but no one can predict the market with certainty. Inflation, central bank policies, geopolitical events and investor demand will all affect its prices.

Will gold prices fall in the next few days in 2027

The short-term gold price in 2027 cannot be predicted with certainty. Daily fluctuations will depend on economic data, interest rate expectations, currency movements and global market sentiment.