GOLD (XAUUSD) | 4H ANALYSIS

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GOLD (XAUUSD) | 4H ANALYSISGold / U.S. DollarFOREXCOM:XAUUSDPath2pro🧭 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 4,020–4,040 β€” a high-confluence zone. STRUCTURE ↳ Price completed a rounding-bottom reversal off the recent low ↳ Projected path: grind higher into the 4,020–4,040 confluence zone ↳ Confluence = trendline + QM Level + Weekly Level stacking together THE SCENARIO 1️⃣ Price reclaims toward 4,020–4,040 2️⃣ Confluence zone acts as decision point β€” rejection expected 3️⃣ Resume broader downtrend toward 3,870 🎯 Target: 3,870 πŸ›‘ Invalidation: 4H close above 4,040 Short