Gold Sits Near Range Top, Well Clear of Its Average
XAUUSD1-3 daysRangepublished 12:30 · updated never, that’s the point
4363.7Daily closes, last 40 sessions, with the levels this idea names
40 sessions, 4409.0 to 4363.7; levels: resistance 4696.6, support 4234.0, support 3995.9
| Level | Price | Why it matters |
|---|---|---|
| Resistance | 4696.6 | 30-day range high |
| Support | 4234.0 | 50-day average |
| Support | 3995.9 | 30-day range low |
Levels read 12:30 UTC, 29 Aug 2026 · EdgeHog engine · 2026-08-29T12:30:05.794Z
Spot gold is trading far above its 50-day average after a strong run, leaving the question of whether the pace can hold rather than where it goes next.
Gold last printed 4458.77, close to the 30-day range high of 4696.56 and roughly $225 above its 50-day average of 4234.04. That gap between spot and the average is unusually wide, which is typically a sign of an extended move rather than a fresh breakout signal. As long as price holds above the 30-day range low of 3995.90, the broader uptrend structure from the last 30 sessions stays intact.
A slide back toward the 50-day average near 4234 would suggest the extension is unwinding and the trend is cooling, not accelerating. A break below the 30-day low of 3995.90 would undercut the recent range entirely.
Every number the engine used, and the checks it had to pass.
a quoted price — 4,458.76502
a computed level — 4,234.0408
a computed level — 4,696.56
a computed level — 3,995.9
Checks passed source evidence ✓ · model reviews 3/4 · compliance ✓