Expected Scenarios for Gold Price Movement (Hourly Chart)

Gold has indeed risen as predicted in our previous analysis, reaching significant and strong selling zones on the hourly chart.

Having reached these specific selling zones, there are several expected scenarios for gold's movement in the near term.

Expected Scenarios

The first scenario involves a decline from the current levels around 4201; we may see a drop toward the new demand zones near the 4142 level, as indicated on the chart.

Should the price fall to these zones, a subsequent rebound and resumption of the upward trend would be expected.

The second scenario involves a continuation of the upward trend, contingent upon a breakout and a strong bullish hourly candle close above the current zones.

If the rise continues, the price is expected to target the next supply zones near the 4280 level, as marked on the chart.

Overall, the long-term outlook for gold remains bullish—particularly following the breakout from daily downtrends after rebounding from daily demand zones—so caution is advised regarding selling positions.