XAUUSD Long: Finds Support - Short-Term Recovery Toward 4,120$ for FOREXCOM:XAUUSD by heniitrading

TradingView idea: XAUUSD Long: Finds Support - Short-Term Recovery Toward 4,120$ for FOREXCOM:XAUUSD by heniitrading TradingView symbol: XAUUSD Hello traders! Here’s my technical outlook based on the current XAUUSD (4H) chart structure. XAUUSD remains below a long-term descending trendline after breaking down from a consolidation range. The decline found strong buying interest near the 3,960 Demand Zone, where price formed a local pivot low and started to recover. Currently, XAUUSD is trading above the 3,960 Demand Zone while remaining below the 4,120 Supply Zone. Buyers are attempting a short-term recovery, although the broader …