Gold (XAU/USD) Technical AnalysisGoldOANDA:XAUUSDHenrybillionGold (XAU/USD) Technical Analysis – Potential Rebound Toward Key Resistance Zone On the 1H timeframe, Gold (XAU/USD) shows signs of a short-term recovery after a period of consolidation near the $4,000 psychological support. Price action has formed a higher low, hinting at potential bullish momentum building up in the short term. Currently, the market is attempting to recover from the recent dip, and the next upside target lies around the $4,080 – $4,100 resistance zone, where previous supply and structural rejection occurred. This area also aligns with the 38.2% Fibonacci retracement of the recent downward swing, making it a critical level to monitor. Key Levels to Watch Resistance: $4,080 – $4,100 (short-term supply zone) Support: $3,980 – $3,950 (recent swing low area) Trading Plan Scenario 1 – Buy on pullback: If price holds above $3,980 and confirms a higher low, traders may consider buying toward the $4,080–$4,100 zone. Scenario 2 – Rejection at resistance: Should price face strong selling pressure at $4,100, it could trigger another correction back toward $3,950. Watch for bearish signals before shorting. Technical Outlook Overall, Gold remains in a corrective phase within a broader downtrend. Short-term buyers may drive a recovery toward $4,100 before stronger sellers re-enter the market. A clean breakout above $4,100 could shift intraday sentiment to bullish.