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BTCC / BTCC Square / Global Cryptocurrency /
Gold (XAU/USD) Faces Resistance at $5,286 Amid Elliott Wave Correction and Geopolitical Tensions

Gold (XAU/USD) Faces Resistance at $5,286 Amid Elliott Wave Correction and Geopolitical Tensions

Author:
Global Cryptocurrency
Published:
2026-03-04 15:55:01
11
1
BTCCSquare news:

Gold's recent plunge from $5,370 to $4,996—a 7% drop—challenged its safe-haven status despite escalating Middle East tensions. The rebound toward $5,286 now confronts structural resistance, with critical levels at $5,190-$5,280 acting as a make-or-break zone for short-term bears.

Momentum indicators paint a conflicted picture: daily charts signal bearish reversal, while four-hour frames hint at overbought conditions. Support clusters at $5,070-$5,014, with a breakdown risking retests of $4,889.

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