XAUUSD Holds Key Support — Can Gold Build Momentum Above 4,120?GoldOANDA:XAUUSDYong726Market Structure The broader structure remains neutral to slightly bearish, while the short-term price action has shifted into a recovery phase with higher lows developing. Key Resistance First resistance: 4,110–4,120 Price is currently testing this resistance zone. Second resistance: 4,160–4,180 A break above this area would strengthen the short-term bullish outlook. Major resistance: 4,240–4,280 Clearing this zone would signal a stronger medium-term recovery. Key Support First support: 4,050–4,060 This is the nearest support maintaining the current recovery. Second support: 3,990–4,000 A key demand zone that has repeatedly attracted buyers. Major support: 3,940–3,960 A break below this region would increase downside pressure and invalidate the current recovery attempt. Market Sentiment Market sentiment remains cautiously bullish. Buying interest has improved following several successful defenses of support, but resistance overhead continues to limit upside momentum. A confirmed breakout is still needed before a stronger bullish trend can develop. Please share your view below: Will gold break above resistance and continue the recovery? Or will sellers defend the zone and push price back toward support? More market structure and key level updates will be shared regularly.