XAU/USD (Gold) 4H Analysis

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XAU/USD (Gold) 4H AnalysisGoldOANDA:XAUUSDKingProTraderGold remains in a short-term bullish market structure after recovering strongly from the recent sell-off. Price is currently trading below a well-defined major supply zone (4140–4145), where sellers have already defended the market once. A direct breakout is possible, but the higher-probability scenario is a pullback into demand before continuation. The first demand zone (4055–4062) is the nearest area where buyers may step in. If this zone fails to hold, the strong demand zone (4020–4040) becomes the key level to watch for fresh buying interest. As long as price respects these demand areas and forms a bullish confirmation, the overall structure remains constructive. A successful rebound from either demand zone could provide the momentum needed to retest the recent swing high around 4130 and challenge the 4140–4145 supply zone once again. A decisive breakout and close above this resistance would confirm bullish continuation and expose higher targets near 4160 and beyond. However, if sellers push price below the strong demand zone, the bullish outlook would weaken, increasing the probability of a move toward the psychological support at 4000. Key Levels Resistance: 4130, 4140–4145, 4160 Support: 4055–4062, 4020–4040, 4000 Trading Idea: Wait for bullish confirmation from the highlighted demand zones before targeting a move back toward the major supply. Risk management remains essential, especially while price is trading below resistance. 🚨 This analysis is for educational purposes only and is not financial advice. Always wait for confirmation before entering a trade.