Gold Nears $4,462 as Overbought Signals Raise Pullback Risk

Gold reached $4,461.90 on August 12, remaining in a strong uptrend with ADX above 50, but RSI at 72.28 and a fading MACD histogram point to stretched momentum. Spinning-top candles near recent highs also signal growing indecision.

For traders, $4,495 is the key resistance. A sustained breakout could target $4,550 and beyond, while weakening momentum and a break below $4,405 would increase the risk of a deeper correction toward $4,363.