Signal Moment

4040 holds, we watch for a technical repair. 4040 breaks, then we look at 4020–4000 below. Gold broke below 4040 in the afternoon, hit a low near 4021, then bounced back to 4034–4036. First target? Done. Now here's what I'm watching: 4040–4050 — that's flipped from support to resistance. Only a clean hold above 4050 opens the door for a recovery toward 4060–4070. But if the rebound stalls and price slips back under 4020? 4000 comes into play. We hit the level. But the new direction? Still needs confirmation. I'm not chasing shorts at the low. And I'm not rushing to call this bounce a reversal. #Gold #XAUUSD