Gold (XAU/USD) Analysis – 4H Timeframe

📈 Overall Trend:
Gold is in a strong uptrend, showing bullish momentum.
The price is currently facing resistance but remains in a bullish structure.
📊 Key Levels:
🔴 Resistance Zone:

3,048 - 3,185 (A key area where price might struggle to break through).
🟡 Support Zone (Potential Buy Zone):

2,952 - 2,956 (A strong demand zone where price could bounce back up).
📉 Expected Price Action:
1️⃣ The price might face rejection at the 3,048 level and pull back.
2️⃣ A potential retracement towards the 2,952 - 2,956 support zone is expected.
3️⃣ If price finds strong support in this zone, a new bullish push could begin.
4️⃣ The ultimate target for the next bullish leg is 3,185.

🎯 Conclusion: Waiting for a pullback to the support zone before looking for buying opportunities targeting new highs.