GOLD Technical Analysis: Multi-Layer Structure & Key Scenarios

4H Timeframe Analysis ⏰

Gold has entered a structural corrective phase after a strong bullish trend that formed a Higher High (HH). This correction is visible in momentum, volume, and market structure with a confirmed Lower High (LH) formation. The combination signals a powerful Decision Point that will determine gold's medium-term direction. 🔄

🔶 Market Structure Breakdown
◼️ 1. Main Bullish Wave 🚀

After breaking October resistance, price formed a HH

HH showed buyer strength, but first weakness appeared:

Sharp rejection from top → Declining bullish momentum 📉

◼️ 2. Correction Phase ⬇️

Initial correction formed a Higher Low (HL)

Price failed to break previous high → Valid LH formed

Market entered neutral-to-bearish structure

◼️ 3. Current Status 🎯
Price is trapped between two key zones:

Resistance:4270

Support: 4022

Key Levels:
🔸 Resistance Zone: LH formation area, multiple rejections

Breakout = Correction end + New bullish wave 🟢

🔸 Mid Support: Trend anchor level

Break = First confirmation of bearish structure 🔴

🔸 Major Support:4170

Break = Medium-term correction activation 📉

🔶 Probable Scenarios
🟢 BULLISH SCENARIO (Resistance Break)

Break & close above LH zone

R→S conversion

New bullish wave with volume increase

Targets:4440

🔴 BEARISH SCENARIO (Support Break)

Failure at resistance + Mid support break

Deep correction wave + New LL formation

Targets: 3950

🔶 Market Psychology 🧠
Current price action shows:

Buyer caution ⚠️

Gradual sell orders accumulation at resistance

Limited seller power in corrections

High sensitivity to fundamental news 📰

Typical pre-breakout/breakdown consolidation

📢 Your Thoughts?
Comment below with your analysis! 👇

⚠️ RISK DISCLAIMER:
Trading carries high risk. Always educate yourself and use proper risk management. Not financial advice. 📚