XAUUSD GOLD Market H4

XAU/USD forecasting of potential gold price movements based on current technical analysis. With two possible scenarios:

1. Bullish Scenario (Path A)

   • The price may rebound from the current support level around $2,649.77, pushing upward toward the resistance zone at $2,718.52.

   • This suggests a recovery fueled by bullish sentiment, potentially driven by macroeconomic factors like a weaker U.S. dollar or increased demand for gold as a safe haven.

2. Bearish Scenario (Path B)

   • If the current support fails, gold could break lower toward the next key support level near $2,633.96 or even further down to around $2,610.00.

   • This path assumes bearish pressure from stronger-than-expected U.S. economic data or rising bond yields.

Key Levels

• Resistance: $2,718.52 (major upside target).

• Support: $2,649.77 (initial), $2,633.96 (secondary), and $2,546.67 (major downside target).

This forecast reflects the potential for both upside and downside risks, with traders advised to monitor key data and technical indicators to gauge the next price direction.

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