FALSE BREAK BELOW 3950 — CAN GOLD RECLAIM 4040?GOLD (US$/OZ)TVC:GOLDChum_tradesGold experienced a sharp selloff during the final trading session of June, briefly breaking below the previous support and sweeping liquidity beneath the recent lows. However, buyers responded aggressively, pushing price back above the 3980–4000 support zone before the monthly close. The strong rejection suggests selling momentum is beginning to weaken, but the broader trend has not yet turned bullish. With the monthly candle closing at a major technical area, July is likely to start with increased volatility as the market searches for its next directional move. From a technical perspective, Gold is attempting to build a higher base after the false breakdown. As long as price remains above support, buyers may extend the recovery toward nearby resistance. A confirmed breakout above 4040 would strengthen the bullish correction, while failure to hold support could quickly bring sellers back into control. 📍 Key Levels: 🟩 3980 – 4000 Major demand zone and short-term bullish defense. 🟥 4015 – 4040 First resistance and breakout confirmation area. 🟥 4080 – 4100 Next upside objective if buyers regain momentum. ☑ Preferred Scenario: ✅ Price continues holding above 3980–4000. ✅ Break above 4040 confirms the recovery structure. ✅ Bulls may extend toward 4080–4100. ❌ A move back below 3980 would invalidate the recovery and expose 3940, followed by the 3880 liquidity zone. 📊 Risk Management: • Wait for confirmation around the support zone instead of chasing bullish candles. • Watch for rejection or acceptance around 4040 before increasing exposure. • Keep risk below 1–2% per trade as volatility is expected to remain elevated into the new month.