A pending buying opportunity for gold on the 4-hour timeframe.

Gold has managed to rebound as expected.

It has also managed to form strong buying demand zones on the 4-hour timeframe.

The daily timeframe is a strong indication of buyer control.

Currently, the best buying zones are at the 3237.7 levels.

A rise to targets of 3270 and 3320, respectively, is expected.

If the first of these areas is broken, a decline to the next areas is expected:

near the 3168 levels, from which a return to the upside is expected.

This is merely a technical analysis. When entering,

 please pay careful attention to capital management.