(XAU/USD - Gold , 4H Timeframe)

Analysis of Your Chart (XAU/USD - Gold Spot, 4H Timeframe)
Key Levels & Zones Identified in Your Chart
✅ Resistance Zones (Upside Targets)

First Resistance Zone → Around 2944 - 2956
If price breaks above this, it can move higher.
Second Resistance Zone → Around 2970
If price stabilizes here, it signals a stronger bullish move.
✅ Support Zones (Downside Risk)

Support Line at 2918
If price falls below this level, it may continue to drop.
Support Zone Around 2900 - 2880
Breaking 2900 could lead to a deeper decline.
Further Support Levels → 2860, 2843.50, 2820 (lower targets).
Possible Price Scenarios
🔹 Bullish Scenario (If price breaks above 2944-2956)

Price will likely move toward 2970.
Breaking 2970 could push it to new highs.
🔹 Bearish Scenario (If price drops below 2918)

Price may head towards 2900 - 2880.
Breaking 2900 could lead to 2860, 2843, and possibly 2820.
Conclusion & Trading Plan
1️⃣ Above 2944-2956 → Buy with targets 2970+.
2️⃣ Below 2918 → Sell with targets 2900 - 2880, potentially 2860.
3️⃣ Watch for a confirmed 4-hour candle close to confirm the trend direction.