GOLD H4GoldOANDA:XAUUSDShavyfxhubXAUUSD 4H Chart Analysis – Shavyfxhub Strategy Current Price: ≈ 4,463 – 4,477 Market Structure Gold is in a recovery phase on the 4-hour timeframe after a prolonged decline. The 200 EMA (black line) is a major dynamic level and has been acting as both resistance and support at different times. Price recently bounced strongly from the lower Demand areas and is now testing horizontal resistance near 4,477 – 4,538. Multiple red circles highlight previous reactions along the descending structure and 200 EMA. Rising red trendlines from the August lows show the current recovery strength. Key Levels (Shavyfxhub Style) Supply Roof / Resistance: 4,477 – 4,538 → Current resistance zone Higher Supply near 4,590 – 4,640 Demand Floor / Support: 4,435 – 4,358 zone (near 200 EMA and horizontal levels) 4,315 – 4,224 stronger Demand Floor Rising trendline support from the lows Current Bias Bullish recovery, but facing resistance. Price has shifted from a clear downtrend into a recovery. The key is whether it can hold above the 200 EMA and the nearest Demand Floors or get rejected at the current Supply zone. Scenarios Bullish continuation: Hold above 4,435 – 4,358 (200 EMA + Demand) Break and close above 4,538 Opens upside toward 4,590 – 4,640+ Bearish rejection: Rejection from 4,477 – 4,538 Break back below the 200 EMA and 4,358 Opens a retest of lower Demand at 4,315 – 4,224 Summary (Shavyfxhub View) Structure = Recovery from Demand Floor with 200 EMA as key dynamic level Immediate focus = Reaction at 4,477 – 4,538 resistance Critical resistance = 4,538 Critical support = 4,435 – 4,358 (200 EMA + Demand Floor) Gold is at a decision point. Holding the 200 EMA and nearby Demand keeps the recovery intact. A clean break above 4,538 would strengthen the bullish case.