Gold Tries to Hold Ground at 4,000 Support Zone

Gold prices have settled near the 4,000 psychological support zone as the new trading week begins. This level is crucial in determining short-term market sentiment, and recent price action suggests that bearish momentum has slowed down.

The question on everyone's mind this week is not whether gold will move higher or lower but how it reacts to this major support area.

According to the bullish scenario, if buyers continue to defend the 4,000-4,020 support zone and confirmation develops through bullish market structure and price action, gold may attempt a corrective recovery toward the initial resistance zone of 4,100-4,140. If bullish momentum strengthens, it could even reach higher resistance at 4,180-4,220.

However, if sellers regain control and price records a confirmed Daily close below 4,000, the bearish structure could remain intact, increasing the probability of continuation toward lower support areas.