Gold 4H: Bearish Scenario
Price is riding a clean rising trendline from the October lows, connecting multiple higher swing lows.
A break and retest of this blue trendline would signal fading momentum and open the door for a deeper correction toward horizontal support.
🧱 Why 3,947 is strong support
3,947 marks the previous consolidation base where buyers stepped in aggressively after the last sharp sell‑off, turning it into a clear demand zone.
It also aligns with the last major 4H swing low, so many stop‑losses and resting buy orders are likely clustered there, making it a natural magnet if the trendline fails.
📉 Bearish divergence
While price made higher highs on the 4H chart, the RSI printed lower highs, creating a clear bearish divergence.
This divergence suggests buyers are losing strength, increasing the probability of a trendline break and a move down into the 3,947 support area before any new major leg higher.
