Major Support Holds, Recovery SetupGoldOANDA:XAUUSDSimon_wave Fundamental Analysis Gold remains under pressure from higher Treasury yields and stronger Fed rate-hike expectations. U.S. employment data later this week could become the next major catalyst for USD, yields and Gold. Technical Analysis On H1, Gold has extended the bearish move into the 4,360–4,385 OB + Support and is starting to react from this area. After such a strong decline, a corrective recovery may develop. The first important upside zone is 4,466–4,498 Fibo Zone, while Volume Profile shows stronger activity above current price. If buyers reclaim this area, the recovery could extend toward the 4,630–4,650 BSL. Important Key Levels 4,630–4,650 — BSL / Major Resistance 4,466–4,498 — Fibo Zone 4,360–4,385 — OB + Support Trading Scenario Buy priority remains only if 4,360–4,385 holds and H1 confirms a bullish reaction. Target: 4,466–4,498 first, then 4,630–4,650 if momentum strengthens. Invalidation: H1 acceptance below 4,360. Overall View The broader short-term structure remains weak, but Gold is now testing an important support zone. A confirmed reaction could start a corrective recovery toward the Fibo Zone. Can buyers defend 4,360–4,385 and push Gold back toward 4,500?