Gold is currently trading around 4046, after a strong bearish move from the 4110-4120 resistance area.

Price is now approaching a key support zone around 4021, which aligns with the ascending trendline. This area could determine the next major move.

Bullish Scenario:
If price respects the 4021 support and reclaims 4060, we could see bullish continuation toward:

4085
4099
4113

A clean breakout and retest above 4060 would provide stronger confirmation for the bullish setup.

Bearish Scenario:
If price breaks below 4021 and loses the ascending trendline, the bullish structure could weaken significantly.

Potential downside targets:

4004
3982

Key Levels:
Support: 4021
Resistance: 4060
Bearish targets: 4004 / 3982
Bullish targets: 4085 / 4099 / 4113