Gold Holds Key Support Zone While Short-Term Recovery GainsGoldOANDA:XAUUSDFM-ForexMastermind1. Gold Market Overview Gold attracted some buying interest as prices slightly declined on Friday, supported by a weaker USD. However, the upside momentum appears to remain limited. 📉 2. Technical Analysis 📊 A. Structure & Trend The short-term trend remains bearish, reflected by the descending trendline connecting lower highs. However, price is showing signs of recovery after successfully holding the strong support zone around 3968–3972 The latest bullish candle indicates solid buying pressure, but a confirmed breakout has not happened yet. 📊B. Key Levels 🔴 Strong Resistance Zone: 4038–4042 The latest swing high and the upper boundary of the current sideways range. A breakout above this area could confirm a short-term bullish reversal. 🟢 Support Zones: 4011–4015 The nearest support area, acting as a strong liquidity zone that previously helped prevent further downside pressure. 3975–3970 A strong demand zone protecting the broader bearish structure. If price breaks below this area, sellers may regain control of the market. 3. Outlook There are no major economic events today that are expected to strongly impact gold prices. At the same time, gold is showing signs of short-term consolidation after experiencing a significant decline throughout the week. XAU/USD may continue moving sideways or attempt a mild recovery today, holding above the psychological level of **4000**. Wish you a successful trading day