Gold Intraday: Key Resistance Focus 4485
Gold Intraday: Key Resistance Focus 4485
Tuesday 01 September 2026
Important level to watch - 4485 (4-hour chart) 38% Fibonacci Retracement
Potential Downside Bias: While 4-hourly closes in price are seen below resistance at 4485 (38% retracement) the risks are for retests of support at 4416 (38% retracement). Breaks below 4416 could open further declines to test 4359 (August 19th low), then 4330 (50% mid-point).
Potential Upside Bias: 4-hourly closes above 4485 could lead to further strength toward the next resistance at 4540 (62% retracement), then 4628 (August 28th high).
Current Outlook: Downside potential while prices remain below 4485.
This analysis reflects my personal observations and is provided for educational and informational purposes only. It is not financial advice or a trading recommendation.
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Instrument Analysis is provided for educational and informational purposes only. It is not personal financial advice, a trading signal, or a recommendation to buy, sell or hold any financial product.