Key Signal for Gold

On the 4-hour chart, the market is exhibiting a pattern of weak oscillation, indicating that it has not yet reached a state of severe oversold conditions and that further adjustment remains possible. If the price breaks above $4,077 and stabilizes, it could attract a return of buying interest, shifting focus to the overhead resistance zone between $4,195 and $4,135; conversely, a drop below $4,030 could open the way for a pullback toward the $3,950 or even the $3,920 level.