Usman Salis
⬤ Gold is showing fresh volatility after getting rejected at a major resistance level on the 4-hour chart. The market just swept through an important price zone and is now trading below it, leaving traders wondering if gold can push back above or if we're headed for a deeper pullback. What looked like a strong upward move has lost steam, with sellers stepping in hard around the $4200 mid-range resistance area.
⬤ The chart tells the story clearly—gold rallied into resistance but couldn't stick the landing above it, triggering a correction. This failure to hold above the sweep zone matches what we've seen before at this level, confirming it's a real technical barrier. If prices keep sliding, the next logical target sits at $4080 in the demand region, which lines up with the lower edge of recent consolidation and could spark a reaction. On the flip side, if buyers regain control, the upper resistance near $4350 becomes the next major upside target.
⬤ Where gold heads next really comes down to one thing: can it take back that lost resistance zone? The chart lays out two scenarios—either we see a reclaim followed by a push toward higher resistance, or prices drift lower into mid-range support levels. Even with this recent rejection, the bigger picture still looks bullish on higher timeframes, as long as gold can re-establish itself above the swept level.
⬤ This setup matters because gold is sitting at a critical technical crossroads. Successfully reclaiming resistance would signal strength and open the path toward those higher levels near $4350. But failing to recover increases the odds of a deeper drop into the $4080 demand zone. The next few trading sessions will be crucial in showing whether gold keeps its broader bullish trend alive or shifts into a more extended correction phase.
Usman Salis
