XAUUSD | H4 |11- 06- 2026|GOLD AT A CRITICAL TURNING POINT Gold / U.S. DollarFOREXCOM:XAUUSDSophie_trade9📊 XAUUSD | H4 | NOV 06, 2026 🔥 GOLD AT A CRITICAL TURNING POINT – WILL SELLERS TAKE CONTROL? Gold has faced strong rejection from the recent high around 4,146 and is now pulling back toward an important Fibonacci confluence area. The market is approaching a key decision zone. Will sellers continue pushing Gold lower, or can buyers regain control? 🔴 KEY PRICE ZONES • Key Resistance: 4,060 – 4,068 • CP + Fibonacci Zone: 4,038 – 4,052 • Resistance Zone: 4,120 – 4,138 • Retracement Zone: 3,952 – 3,966 • Support Zone: 3,900 – 3,914 • Major Demand Zone: 3,870 – 3,885 📉 SCENARIO 1 – BEARISH CONTINUATION If Gold fails to reclaim the 4,060–4,068 resistance zone and forms clear bearish confirmation, selling pressure may increase. Potential downside targets: TP1: 3,952 – 3,966 TP2: 3,900 – 3,914 TP3: 3,870 – 3,885 📈 SCENARIO 2 – BULLISH RECOVERY If buyers defend the 4,038–4,052 Fibonacci confluence zone and price breaks back above 4,060–4,068 with strong bullish confirmation, Gold may attempt a recovery. The next upside area to watch is 4,120–4,138. ⚠️ IMPORTANT – WAIT FOR CONFIRMATION The 4,060–4,068 area is a key resistance zone. Do not enter a trade simply because price touches this level. Wait for a clear candle signal, followed by a valid retest, before considering an entry. Avoid chasing the market. Patience and confirmation are essential in today's trading session. #XAUUSD #GoldAnalysis #GoldTrading #TechnicalAnalysis #PriceAction #SophieTrade