Gold: 4000 Support TestGold / U.S. DollarFOREXCOM:XAUUSDKingArthur_Gold extended yesterday’s correction today, showing a significant decline amid oscillatory pressure, with some support found near the $4,000 mark. After surging to a high of $4,101.76 yesterday, gold plunged sharply, and this downward correction has continued to gather momentum on the 18th. Previously, a head-and-shoulders top pattern formed on the 4-hour chart of gold, indicating an inherent technical correction demand. Furthermore, the pullback from yesterday’s high created a clear short-term bearish pressure signal, and today’s decline represents a further digestion of these negative technical cues. Currently, the market is in the phase of testing support near $4,000.If this level is breached, it may trigger a further pullback to the short-term buffer support at $3,980, with the key strong support at $3,950 requiring close attention. If gold can stabilize above $4,000, it will most likely enter a range-bound consolidation phase. The primary resistance above lies at $4,100, a critical pressure level amid the recent correction. A breakout above this level will require a significant increase in trading volume, making it quite challenging in the short term. Sell 4060 - 4050 SL 4070 TP 4000 - 3990 - 3980 Buy 4000 - 4010 SL 3990 TP 4040 - 4050 - 4060