Vladimir Ribakov analyzes gold on April 13, 2026, noting it's trading in a descending channel near the upper boundary. He spots bearish divergence on the 4-hour chart: higher price highs but lower highs on MACD and RSI. Downside targets sit at $4,600, $4,580, and $4,350.
Chapters
Final one is the gold. What is happening with the gold? So while the longer term would still need more information to try and to be presented to us, the traders, I believe the shorter term is very interesting. Currently, what we have is this falling channel, and we are close to the upper part of the channel. Which is here. So look what happens around these zones. Strong area. Why it's so strong? Look at the waves here. Wave down, range, some little consolidation before the sellers took the control. All that is next to the upper part of this falling, uh, channel, which makes me think if the gold managed to climb closer there, that should be a fantastic sell opportunity. And on the 4-hour chart, it already starts to make these conditions: higher lows— sorry, higher highs on the chart, lower highs on the moving average of the MACD as well as the RSI, which makes me think gold under this zone is a beautiful opportunity to look for the sells. I'm not quite sure that it's ready for the next big drop. However, the return back to $4,600, $4,580, maybe even down to $4,350-ish sounds very, very, very doable, logical levels from my point of view. So for me, I am after looking to sell the gold.
