Gold is testing a critical H4 support zone around 3970–4000 after an extended bearish move. The chart continues to show lower highs, descending resistance and repeated bearish BOS, keeping downside pressure dominant. However, price is now approaching a major demand area, where a technical rebound could develop.
Will Gold Rebound or Break Below 3970? | XAUUSD 24/10
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October 24, 2026
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