Gold Price Absorbs Hawkish Fed Hike—Will 4,368 Confirm a Reversal? - Action Forex

AI desk brief

Gold held critical support at 4,230.70 after a hawkish Fed hike and rebound from 4,234.68, with the article framing the move as a potential short-term reversal rather than a confirmed bottom. The key confirmation level is 4,368.20; a clean break would also clear the daily 55 EMA around 4,342.06 and open upside toward 4,510.90, then 4,697.07.

The setup is supported by a bullish four-hour MACD divergence, while the daily MACD remains below its signal line and has not yet confirmed the turn. The bearish invalidation level is 4,230.70, below which the correction would likely extend toward the 3,942.43 low.