XAU/USD Rebound Setup | Support Holds, 4060 Recovery Target in F

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#XAU/USD# XAU/USD Rebound Setup | Support Holds, 4060 Recovery Target in F

XAU/USD (Gold) – 15 Minute Technical Analysis (Educational)

Market Structure

Current Price: around 4000.0

Timeframe: 15 Minutes

Trend: Short-term bearish after a strong impulsive selloff.

Price broke below the descending trendline and continued falling aggressively, indicating strong selling pressure.

A potential demand/support zone has formed near 3984–3978 where buyers are attempting to defend the area.

Key Levels

Support Zone3984.5 – 3983.8

3984.5 – 3983.8

First demand area where price reacted.

Major Support / Invalidation3960.5

3960.5

A break below this level would strengthen the bearish continuation scenario.

Immediate Resistance4015 – 4020

4015 – 4020

Recent consolidation area.

Higher Resistance4040 – 4045

4040 – 4045

Previous intraday structure.

Target Zone4059 – 4060

4059 – 4060

The chart projects a recovery move toward this area.

Liquidity & Price Action

The sharp decline likely swept sell-side liquidity beneath previous lows.

The reaction from the support box suggests buyers are absorbing supply.

A short-term pullback rally is possible if the support continues to hold.

Bullish Scenario

Entry idea: Wait for bullish confirmation above 3995–4000.

Stop Loss: Below 3980 (or more conservatively below 3960.5).

TP1: 4015

TP2: 4040

TP3: 4059–4060

Bullish Trigger

Hold above the support zone and break the minor lower-high structure.

Bearish Scenario

If price fails to reclaim 4000–4015 and starts rejecting from resistance, sellers may regain control.

A decisive break below 3983 opens the way toward 3970 and 3960.5.

Below 3960.5, the bearish continuation becomes significantly stronger.

Bearish Trigger

A clear close below 3983.8 would invalidate the current rebound idea.

Bias

Intraday Bias: Cautiously Bullish

Reason: Price is reacting positively from a strong support area after an extended selloff, so a corrective move toward 4015 → 4040 → 4060 is possible while 3983 holds.

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