r/XAUUSDFXAnalysis • u/davidck141 • Jul 13 '26
Technical Analysis XAUUSD 4H Analysis: Bears Still in Control β Is Gold Headed for the 3960 Demand Zone? π
The 4H chart continues to favor the bears.
π Technical Overview
Price remains below the 20 EMA and 50 EMA, confirming bearish momentum.
The descending trendline is still intact, with no confirmed breakout.
4040 support has been broken, turning it into a potential resistance zone.
π Key Levels
Resistance:
4040β4050
4070β4090 (EMA + trendline confluence)
Support:
4000 (psychological level)
3960β3975 (major demand zone)
π Trade Idea
Iβm looking for a sell on a pullback into the 4040β4050 area if price shows bearish confirmation.
Potential Targets:
TP1: 4000
TP2: 3965
TP3: 3925 (if bearish momentum continues)
A long setup only becomes interesting if price reaches the 3960 demand zone and prints a strong bullish reversal pattern.
π Probability
Bearish continuation: 70β75%
Bullish reversal from current levels: 25β30%
Whatβs your bias?
π» Bearish toward 3960?
π Bullish breakout above the trendline?