GOLD 2H: Support Area Rejection & Bullish Recovery Target

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GOLD 2H: Support Area Rejection & Bullish Recovery TargetGold - CashCMCMARKETS:GOLDRobert_Trader_10GOLD 2H: Support Area Rejection & Bullish Recovery Target GOLD (CMC Markets: GOLD Cash) is testing its primary Support Area (3,980.00 - 4,000.00) on the 2H timeframe following an aggressive downward impulsive move. Price is currently trading near 4,014.83, setting up a potential relief bounce or structural recovery toward upper objectives. 📈 Upside Map * Objective 1: 4,140.00 - 4,150.00 (Target Area) * Objective 2: 4,200.00 - 4,220.00 (Resistance Area) ⚠️ Bullish Confirmation * A sustained 2H trading hold above 4,000.00 and a decisive break back above 4,065.00 confirms the support reaction, increasing momentum toward the Target level. 📉 Invalidation * A breakdown and sustained 2H close below 3,970.00 would invalidate the recovery setup and accelerate downside pressure. Key Levels * Support Area: 3,980.00 - 4,000.00 * Target Area: 4,140.00 - 4,150.00 * Resistance Area: 4,200.00 - 4,220.00 * Bias: Bullish Recovery while holding above 3,980.00