Gold Analysis & Trading StrategyGoldOANDA:XAUUSDqxvhngThe daily chart of gold is generally in a bearish downtrend. The short-term resistance zone stands at 4160–4180. If gold prices edge higher to this range, heavy selling pressure will emerge. The second key resistance zone is 4200–4220; gold prices have repeatedly pulled back after surging to this level in the past. Only a decisive breakout above this zone can unlock a larger upward corrective rally. The immediate support zone is 4120–4100. A break below this level will trigger fresh bearish momentum. The medium-term strong support zone is 4040–4010, which is the primary accumulation zone for bargain-hunting capital amid the current downtrend. Bearish Trading Plan (Sell on Rebound) Sell on price rebound to 4160–4180 Stop-loss: Above 4200 Take-profit targets: 4130 → 4100; extend target to 4060 if support breaks