Gold Could Recover If It Holds Above 4,390GoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: Gold (XAU/USD) is currently trading around 4,395 USD/oz based on the TradingView price you provided, after briefly dropping to 4,391 before recovering. Short-term selling pressure emerged as price approached the upper resistance zone, but buyers are still reacting around the 4,390–4,395 area. The market remains supported by expectations that the Fed could ease monetary policy in the coming period, while investors continue to monitor US economic data to determine the next direction of the USD and Treasury yields. 📉 Technical Analysis: • Key Resistance: 🔴 4,410–4,420 🔴 4,435–4,450 • Nearest Support: 🟢 4,390–4,395 🟢 4,375–4,385 • EMA 09: Price is currently near the EMA 09 on H1 → short-term bullish momentum is weakening and requires confirmation. • Candlestick / Momentum: The drop to 4,391 followed by a quick recovery toward 4,395 indicates buying interest around the support zone. If H1 candles continue to close above 4,390, bullish momentum could return. Conversely, if price clearly closes below 4,390, selling pressure could extend toward 4,375–4,385. 📌 Outlook: Gold could continue recovering in the short term if it holds the 4,390–4,395 zone and breaks back above 4,410–4,420. In that case, the next targets could be 4,435–4,450. If 4,390 is broken, it would be preferable to wait for a deeper correction toward 4,375–4,385 before looking for a BUY opportunity. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: 4,420–4,423 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,428 🔺 BUY XAU/USD at: 4,373–4,370 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,365