GOLD (XAUUSD) | 4H ANALYSISGold / U.S. DollarFOREXCOM:XAUUSDPath2proπ§ THE SETUP Gold remains below a descending trendline connecting the mid-October swing high near 4,200 down through the late-October rejection at 4,085. That trendline now converges with a QM Level and Weekly Level around 4,020β4,040 β a high-confluence zone. STRUCTURE β³ Price completed a rounding-bottom reversal off the recent low β³ Projected path: grind higher into the 4,020β4,040 confluence zone β³ Confluence = trendline + QM Level + Weekly Level stacking together THE SCENARIO 1οΈβ£ Price reclaims toward 4,020β4,040 2οΈβ£ Confluence zone acts as decision point β rejection expected 3οΈβ£ Resume broader downtrend toward 3,870 π― Target: 3,870 π Invalidation: 4H close above 4,040 Short