SLL Reaction Opens Recovery SetupGoldOANDA:XAUUSDSimon_waveFundamental Analysis Gold remains under pressure as the U.S. dollar and Treasury yields strengthen. Renewed U.S.–Iran tensions have also pushed oil higher, increasing inflation concerns and Fed rate-hike expectations. ADP and Friday’s NFP are the next key catalysts. Technical Analysis On H1, Gold has completed a strong bearish wave from 4,636 and is now reacting from the 4,278–4,305 SLL support. After such an extended decline, a corrective recovery may develop. The first upside test is the 4,348–4,375 Fibo Zone. If buyers reclaim this area, price could extend toward 4,415–4,458, where previous structure and heavier Volume Profile activity sit. Important Key Levels 4,610–4,635 — BSL / Major Resistance 4,415–4,458 — OB + Support 4,348–4,375 — Fibo Zone 4,278–4,305 — SLL / Main Support Trading Scenario Buy priority remains only if 4,278–4,305 holds and H1 confirms a bullish reaction. Target: 4,348–4,375 first, then 4,415–4,458. Invalidation: H1 acceptance below 4,278. Overall View The broader short-term structure is still bearish, but Gold is deeply extended into support. A confirmed SLL reaction could trigger a corrective recovery toward the Fibo Zone. Can buyers defend 4,300 and start the recovery wave?