Is Gold Ready for a Reversal After Hitting Strong Support?

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Is Gold Ready for a Reversal After Hitting Strong Support?GoldOANDA:XAUUSDLunadigitalGold has shown a strong bearish move after rejecting the marked resistance zone around 4,800–4,850, followed by a clean breakdown below the descending trendline. This confirms short-term bearish momentum in the market. Currently, price has reached a key support zone around 4,300–4,350, where a reaction is already visible. This area is acting as a temporary demand zone, and we can see signs of a potential bounce forming. If buyers manage to hold this support, a short-term pullback towards 4,700–4,800 is likely. A successful breakout above the trendline and resistance could then push price further towards new highs. However, if this support fails, the next major downside target lies near the strong support zone around 4,100–4,050, which could attract long-term buyers. Conclusion: Short-term: Possible bounce from current support Mid-term: Needs breakout above trendline for bullish confirmation Bearish scenario: Breakdown below 4,300 opens more downside Trade smart and wait for confirmation before entering 🚀