Gold (XAUUSD) is showing signs of strength after holding above the highlighted support zone and reclaiming the 4011 level. The recent price action suggests buyers are attempting to regain control following the earlier bearish trend.
As long as price remains above the marked support area, the bullish scenario remains valid. A sustained move above the current range could open the path toward the next major resistance around 4088, which is the highlighted target zone on the chart.
Key Levels:
- Support: 3990–3980
- Current Resistance: 4011
- Target Zone: 4088
This analysis is based on price action and technical structure only. Markets can change quickly, so wait for confirmation before making any trading decisions and always use proper risk management.
What do you think? Will gold continue its recovery toward 4088, or will sellers defend resistance? Share your view below!
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