Gold is currently reacting from a highlighted buyer zone after completing a corrective decline. Price is attempting to build higher lows, suggesting that buyers are gradually regaining control. The next important area is the resistance zone around 4110–4120, where market reaction will be worth monitoring.

Technical View:

Current Bias: Cautiously Bullish
Support Zone: 4020–4040
Key Resistance: 4110–4120

Potential Targets:

Target 1: 4070
Target 2: 4100
Target 3: 4120
Extended Target: 4160–4180

If price loses the buyer zone with strong bearish momentum, the bullish outlook may weaken and a deeper pullback could develop. As always, wait for confirmation and manage risk according to your trading plan.