GOLD: One More Push Higher Before the Reversal?Gold FuturesCOMEX:GC1!EdgeTradingJourneyGold has delivered a strong bullish reaction from the 4,000 area, a key zone on my Weekly structure where price found confluence between the Weekly FVG, previous structural support and the broader bullish trend. From this area, buyers regained control and pushed the market back towards 4,400. The latest COT report shows Non-Commercials holding approximately +197,000 contracts net long, with large speculators adding 7,391 long contracts while simultaneously reducing shorts by 8,173 contracts. This confirms that institutional positioning continues to favor the upside. Retail sentiment provides additional confirmation from a contrarian perspective, with approximately 57% of traders currently short Gold versus 43% long. I don't consider sentiment an entry signal by itself, but the combination of heavily net-long large speculators and predominantly short retail traders supports my broader bullish bias. Seasonality also remains supportive. August has historically been a positive month for Gold across the 5, 10, 15 and 20-year samples, which is consistent with the current expansion. However, I'm already looking ahead: September shows a significantly weaker historical seasonal profile, making the next few weeks particularly important. Gold is now approaching the 4,400–4,600 Weekly decision area, with an important supply zone around 4,530–4,620. After such a strong move from 4,000, I don't see an attractive reason to chase longs at current prices. If price establishes clear acceptance above 4,400–4,450, I will continue to favor an extension towards 4,550–4,600, with the 4,610–5000 Weekly FVG becoming the next major objective if supply is absorbed. On the other hand, a push into 4,400–4,600 followed by rejection would immediately get my attention. A subsequent loss of 4,300 could trigger a deeper retracement towards 4,100 and eventually 3,950–4,050, without necessarily invalidating the broader bullish structure.