Technical Analysis Update – Gold Ounce (XAU/USD) – 4H TimeframeXAU/USD SpotFX:XAUUSDesmaeilesmaeilzade_fxTechnical Analysis Update – Gold Ounce (XAU/USD) – 4H Timeframe After its recent downward move, gold has reached a range between two key levels. Over the past day, the price has been fluctuating between the $3,335 support zone and the $3,355 resistance zone, with traders waiting for a breakout of either level to determine the market’s next direction. Bullish Scenario If buyers manage to hold the price above the $3,355 zone and market demand strengthens, there is potential for growth toward the intermediate resistance. Breaking above this resistance would pave the way for a move toward the main resistance level. Bearish Scenario If sellers succeed in breaking the current support, selling pressure could push the price toward the lower support zone. A breakdown of this support area could lead to further declines toward the next major support levels. Summary Gold is currently consolidating between two key levels, and any breakout or rebound from this area could provide a stronger signal for the market’s next move. Risk management is particularly important under these conditions.