Gold is poised for an upward move on the 4-hour timeframe.

Gold has begun to rise after bouncing off daily demand zones and overlapping demand zones on the 4-hour timeframe.

Gold has also broken a minor downtrend and established new buying demand zones on the 4-hour timeframe, indicating confirmation of current buying strength.

Expected Targets

Currently, we expect to see an upward move in gold. We may see a retest of previous and new demand zones, and from there a return to the upward trend towards the targets at the $4120 and $4200 levels, respectively.

If the upward movement continues, we may see a test of supply zones near the $4324 level.

Overall, the current movement strongly supports an upward move in gold. Therefore, it is advisable to focus on buying, but with small contracts and good money management.