Expected Scenarios for Gold's Movement on the 4-Hour Timeframe

Gold has fallen from previous supply zones, as we anticipated, and is currently expected to continue its decline in the near term.

The current drop may target the demand zones identified on the chart near the 4366 level, which are considered the most important buying zone at present.

Expected Targets

If the price tests the demand zones near 4366, we expect to see a rebound towards 4420, 4480, and 4550 respectively.

If the price breaks below these demand zones and closes below them on a 4-hour candle, we expect gold to continue its decline, targeting 4264, 4220, and 4166 as the final expected targets.

In any case, please pay close attention to money management and avoid trading large gold contracts.