Gold is entering the new week with a lot going on behind the scenes. Over the past couple of weeks, price has been stuck in a tight range around $4,800–$4,850, but that doesn’t mean nothing is happening.
The market is experiencing an interesting tug of war at the moment. On one hand, there is an increased risk of political unrest in the Middle East, particularly concerning the Strait of Hormuz, that is sustaining demand for gold.
On the other hand, altered rate expectations from the United States and investor conduct are weighing things down.
The result? The gold price is holding near its highs, but not breaking out just yet.
What you'll learn 👉
What the Gold Charts Are Showing
Looking at the charts, gold is still moving inside an upward trend channel. Price recently bounced from the lower part of that structure and is now trying to push higher again.
There’s also a clear pattern of higher lows forming. That usually means buyers are gradually taking control, even if the moves look slow.
Short-term, there may be some choppy movement. But structurally, gold hasn’t broken down.
#XAUUSD
— Shirley (@YShirley_XAUUSD) April 19, 2026
Iran says Strait of Hormuz is closed
Market news is likely to push gold lower on Monday. If it opens lower, we should watch for buying opportunities in the 4800-4770 range on Monday.
Strong support for gold lies in the 4770-4780-4800 range. Buying within this range… pic.twitter.com/oZMiq0syxa
Why Gold Price Might Open Lower First
From the latest updates shared by traders like Shirley and Laura, there’s a strong chance gold opens lower at the start of the week. The news around Iran and oil is expected to push crude higher, and that could temporarily weigh on gold.
But this doesn’t change the bigger picture. The overall trend is still pointing up. What we’re likely to see first is a dip, then buyers stepping back in.
The most important area right now sits between 4800 and 4770.
This zone has been tested multiple times, and each time buyers showed up. That’s why many traders are focusing on it again. If the gold price drops into that range early in the week, it could be seen as a buying opportunity rather than a breakdown.
A deeper level around 4775–4785 stands out as a stronger entry area, with clear risk defined below it.
As long as gold stays above this region, the bullish structure remains intact.
#XAUUSD
— Laura (@laura_XAUUSD) April 19, 2026
Based on the latest news, it's highly likely that gold will open lower and crude oil higher on Monday.
Gold's medium-term trend remains bullish.
On Monday, watch for support around 4825-30 and the important support level around 4785.
Short-term bulls have the strength… pic.twitter.com/b7ClZLm1xS
Where Gold Price Could Head Next
On the upside, the levels to watch are very clear.
First, 4830 to 4850. This is where price has struggled recently. If gold pushes through this area, momentum could pick up quickly.
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After that, the next target sits around 4880. And if buyers stay in control, the big level comes into focus, 4890 to 4900.
This is the zone many traders are watching for a possible breakout. If gold breaks above it cleanly, it could open the door for a fresh move higher.
However, the gold price may start the week with a dip, but that dip could be where the next move begins.
While support at 4770-4800 remains intact, the attention will continue to be on the upside. Breaking past 4850 opens up possibilities for 4900. With enough momentum, reaching new heights may not seem out of the question.
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