How Will Gold React After the Major Economic News?GoldOANDA:XAUUSDAstronautPioneerMarket Outlook Trend * The medium-term trend remains bearish, with price continuing to trade within a descending channel and still unable to break the Lower High market structure. * Price is currently reacting from the 3,963 support zone, but it must break above the descending trendline to confirm a bullish reversal. Resistance Levels π΅ 4,095 β Immediate resistance, aligned with the descending trendline and a key supply zone. π΅ 4,200 β Major resistance and the next upside target if a successful breakout occurs. * An H4 candle close above 4,095 would confirm a breakout from the descending channel and open the door for further gains toward 4,200. * If price is rejected at this level, the bearish trend is likely to resume. Support Levels π’ 3,963 β Immediate support and a key demand zone currently supporting price. π’ 3,850 β Strong support and the next downside target if the current support is broken. * Holding above 3,963 keeps the short-term recovery scenario intact. * An H4 candle close below 3,963 would confirm a bearish breakout and increase the probability of a decline toward 3,850. βΈ» Trading Scenarios π Bullish Scenario: Price holds above 3,963 and breaks above 4,095, opening the way toward 4,200. π Bearish Scenario: An H4 candle closes below 3,963, targeting 3,850. Alternatively, if price rallies to 4,095 but is rejected, the preferred strategy remains to sell in line with the prevailing downtrend.