Gold Tests Major Support — Can Bulls Defend the 4,000 Zone?GoldOANDA:XAUUSDYong726Market View Gold continues to trade within a broader bearish structure on the 4H chart. Since reversing from the 4,700 area, the price has consistently formed lower highs and lower lows, confirming that sellers still control the overall trend. The recent decline has brought Gold back to the psychological 4,000 level, where buying interest has started to emerge. Although downside momentum has slowed, buyers have yet to deliver a convincing reversal, making this a critical area to watch over the coming sessions. Key Areas From a market structure perspective, Gold remains bearish, while short-term price action is transitioning into a consolidation phase near a major support level. The first key resistance zone is located at 4,080–4,120, where previous rebounds were rejected. A sustained break above this area would open the door toward the next resistance around 4,180–4,220, which would significantly improve short-term bullish momentum. On the downside, the immediate key support remains at 3,980–4,000. This is the most important level buyers need to defend. If this support fails, the next downside target is the 3,900–3,940 zone, where stronger buying interest may reappear. Forward Outlook The bullish scenario requires Gold to hold firmly above the **3,980–4,000** support area and reclaim 4,120. A successful breakout could allow price to extend toward **4,180–4,220**, signalling that buyers are gradually regaining control. The bearish scenario remains valid if the price loses the 3,980–4,000 support zone. In that case, selling pressure could accelerate toward 3,900–3,940, keeping the broader downtrend intact until buyers establish a stronger base. Market Sentiment Market sentiment remains cautiously bearish. While buyers are attempting to defend the psychological 4,000 level, the overall trend still favors sellers until Gold breaks back above the major resistance zones. The current price action suggests consolidation rather than a confirmed trend reversal. Please share your view below: Will Gold hold above the 4,000 support zone and continue higher? Or will sellers defend the resistance and push the price toward 3,900? More market structure and key level updates will be shared regularly.