⚠️ XAUUSD 4H UPDATE

Gold is currently testing the S2 support zone near 4,120 to 4,160.

This area is important because the S2 zone is also lining up with the rising trendline from the broader uptrend.

The next move will depend on how price reacts here.

Bullish scenario:

If XAUUSD gives a strong rejection from S2 and closes back above the zone, a short-term pullback could start.

Potential pullback areas:

4,200
4,240 to 4,280

Bearish scenario:

If a 4H candle closes clearly below S2 and breaks the rising trendline, the current support structure will weaken.

In that case, price could move toward the next support areas near:

4,080
4,000

The key point is confirmation.

Do not buy only because price has reached support. Wait for a clear rejection, a strong 4H close and follow-through.

For now, XAUUSD is at a decision point. A reaction from S2 could bring a pullback, while a confirmed breakdown could lead to a deeper correction.

Protect your capital and manage your risk.

Aasim Majeed AMC
$XAU
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