
Expected gold movements on the 4-hour timeframe.
Gold has returned to decline and tested the previous demand areas,
which are located at 3297, as shown on the chart.
In the event of an uptrend and a close above the current demand areas,
it is likely to return to the uptrend and test the downtrend again near 3334.
In the event of a downtrend and a breakout of the current
and subsequent demand areas,
the trend will have become bearish, and we may see further declines in gold.
At this point, we will consider selling more with any correction, but
this scenario is considered weak at the present timeframe.
It is also important to reduce the stop loss and wait for any
strong buying action on timeframes lower than the hourly timeframe
before considering buying again.