Gold breaks upward pattern and tests $4700 support, James Stanley notes

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21.04.2026

Gold breaks upward pattern and tests $4700 support, James Stanley notes — Gold tests lower support after breakout

Gold has broken out of its rising wedge pattern, according to James Stanley. The analyst points to support levels at $4700, $4671, and $4650, noting that $4600 represents bullish invalidation.

The comment highlights key levels for traders to watch as the market tests the strength of bearish momentum.

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Stanley previously reported gold falling 26.8 percent from peak to trough, identifying $4500 and $4600 as key technical areas in a recent note. Earlier this year, he observed a break in a three-week sell-off streak as gold closed slightly higher and support held at $4100, according to his analysis. The recent breakout comes as traders monitor levels highlighted in these prior moves.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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