Gold Price Prediction 2026: Bulls Defend Key Demand Zone Below $5000

Gold price is on a psychological milestone. The precious metal is clinging to its current level of almost $5,000, just below its February lows, after sharp rebounds on two occasions, with traders watching whether this consolidation is a pause before another breakout or the calm before a pullback.

Bulls Rebuild Structure; Demand Zone Holds

In his analysis of X, analyst Technical Gold says that bullion remains respectful of a vital demand zone of $4,650-$4,700, in which bullion has faced strong buying pressure but which has prevented a further correction.

The technical Gold X chart illustrates that a break at a level of more than $5,000 would pave the way to $5,400 as well as $5,900, but retaining above $4,750 would remain the optimistic view.

4-hour chart price action indicates that gold is trading at around $4887 in higher forms of a lower, slowly regaining level above the $4800 pivot point. This has been one of the main areas of interest where there have been repeated reactions that the place has become a short-term level of control among bulls. Bullish structure will be maintained as long as gold is above $4750.

Larger emphasis is on the psychological barrier of $5000. A decisive continued movement beyond this point may provide access to the predicted increase objectives in the $5,400 and possibly further areas of $5,800. In the meantime, the building is inclined to be positive—yet confirmation is to be had in a return of momentum.

Macro Forces Keep Gold Anchored Near Record Levels

In a bigger macro picture, the strength of gold is ensured in the face of the stable demand of the whole world and the reservedness of investors. TradingEconomics statistics indicate gold is trading around record levels following several months of upward pressure that was the result of safe-haven movements and monetary uncertainty.

TradingEconomics‘ view shows gold is trading between the resistance levels of $4,950 and $4,750, forming a base just below the $5,000 psychological mark. The frequent reactions around $4800 indicate it to be a major decision zone, and other high-lows indicate slow accumulation.

Although there have been short-term fluctuations, the metal is still very high compared to the previous years. Its longstanding placement at all-time highs is an indicator that institutional flows have not left the market significantly. Rather, the new pullback seems to be more remedial than structural.

Market participants are still balancing out the expectation of inflation, the direction of the central bank policy, and geopolitical risk. These macro undertones have contributed to the fact that gold is held above the significant support areas, and this makes it a strong idea that the dips are still being accumulated and not aggressively sold.

Momentum Under $5,000 As Breakout Tension Accelerates

On the daily technical chart, gold is trading at an average of $4,986, and it is registering a small increase in the session as it follows a giant jump above $5,200 and falls back. That sharp spike and pullback are profit-taking indicative of local highs and are not necessarily indicative of exhaustion of the trend.

The TradingView gold chart is trading at around $4,986. with MACD perceived as cooling momentum following a robust bullish wave, whereas RSI around the mid-50s is an indication of consolidation and not overbought.

Momentum indicators indicate a cooling period and not a reversal. The MACD (12, 26, 9) histogram has shifted a bit to the negative since it has experienced a robust bullish increase, indicating decelerating upward momentum. Nevertheless, the overall arrangement is still high, and a significant bearish crossover has not changed the direction.

In the meantime, the RSI (14) is in the middle of the 50s, a neutral level, which indicates stagnation. It is not overbought or oversold and is currently sideways and just below the $5,000 mark. Both continuation and more intense correction can follow this form of reset, which is often preceded by its volume and follow-through.