Gold (XAU/USD) Rebound Setup – Support Holding Strong!Analysis:
Gold (XAU/USD) is showing signs of bullish strength after testing the $4,000–$3,970 support zone, where buyers are stepping back in. The recent consolidation above support suggests a potential reversal and continuation of the uptrend.
The setup highlights:
Support Zone: Around $3,970 – $4,000, acting as a key accumulation area.
Bullish Trigger: A breakout above minor resistance could drive momentum higher.
Targets:
🎯 Target 1: $4,101
🎯 Target 2: $4,150
🎯 Target 3: $4,200
Stop Loss: Below $3,970 to protect against a downside breakout.
📈 Outlook: As long as price sustains above support, Gold remains bullish, aiming for a breakout towards $4,150 and $4,200 levels.
