Will Gold Reverse from Strong Support or Continue the Downtrend?

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Will Gold Reverse from Strong Support or Continue the Downtrend?GoldOANDA:XAUUSDLunadigitalGold (XAU/USD) is currently showing a strong bearish move after rejecting a key resistance zone around 4,800–4,850. The market respected the descending trendline, confirming continued selling pressure and a clear downtrend structure. Price has now reached a strong support area near 4,100, where a sharp reaction can already be seen. This zone could act as a potential reversal point, especially with the presence of a 1H Fair Value Gap (FVG) around 4,300–4,350, which may attract price for a retracement. If buyers step in, we can expect a short-term bullish pullback towards the FVG and possibly a retest of the broken resistance zone. However, if the support fails, gold may continue its bearish momentum towards lower levels. Key levels to watch: Support: 4,100 – 4,060 Resistance: 4,300 – 4,850 Traders should wait for confirmation before entering, as the market is currently at a critical decision point.