XAU/USD 4H Analysis: Gold Approaching Major Supply Zone Before Potential Reversal

Description

Gold has delivered a strong bullish impulse from the discount zone and is now trading toward a key 4H supply area.

Current Bias: Bullish in the short term.
Resistance Zone: 4,350–4,380 (major supply).
Intermediate Resistance: Around 4,290–4,300.
Support Zones: 4,000 and 3,950–3,970.

If buyers push into the higher supply zone and fail to break above it, a bearish reaction could develop, opening the door for a move back toward the 4,000 support area. A confirmed rejection and market structure shift would strengthen the bearish case.

Plan: Wait for price to reach the marked supply zone, then look for confirmation before considering short opportunities. Patience is key—let the market come to your levels.