UBS: Gold Breaks Above Key $4,250 Resistance, Short-Term Reversal Signal Confirmed
Miles Bennett
UBS confirmed on August 10 that gold has broken above the key $4,250 resistance level, validating its bullish-reversal call from late June; if the price holds, former resistance becomes support and opens the door to further upside.
Why does the $4,250 line matter?
UBS flagged back in late June: a break above $4,250 = a strong bullish-reversal signal.
Its August 10 report confirms that call has now played out — gold cleared the level.
This means → the ceiling that had capped gold prices is broken, and bulls are back in control.
Resistance turns to support — what comes next?
UBS says if gold holds above $4,200–$4,250, the former resistance zone flips into key support.
In plain terms = the wall that blocked the price is now the floor beneath it — as long as it doesn't crack, the footing is solid.
The next resistance band sits at $4,450–$4,500; a break there would target $4,650–$4,700.
What are the technical indicators signaling?
RSI — a gauge of recent price momentum — and MACD both show momentum strengthening further.
The key detail: RSI remains below overbought territory.
This means → although gold has already rallied, the technicals suggest upside is not yet exhausted — there is still room to run in the short term.
Content is for reference only, not financial advice.