XAUUSD (Gold) — Weekly Bias: Bullish | Key Levels for the ReopenGoldOANDA:XAUUSDF0rexBorexGold heads into the new week bullish, closing Friday at 4,376.82 after a sharp round-trip session — a sweep down to 4,311.04 followed by a clean reversal back to 4,397.06 before settling near the highs. That's a textbook bullish rejection candle, and it landed the week's close almost exactly on the 23.6% retracement of that swing (4,376.76) — a level that rarely gets respected by accident. Structure The broader picture remains a healthy uptrend off the early-July double-bottom (~3,960), now consolidating in a 4,343.65–4,396.15 daily range after tagging a fresh swing high at 4,449.83. The 4,371–4,415 zone has now been tested twice in the last few sessions and continues to hold — each test with less room for error than the last, so I'm not adding extra weight to it just because it's held again. Two untouched daily-timeframe imbalances remain in play below current price: 4,304–4,313 and 4,106–4,223, both still fully unfilled. BUY — Breakout Continuation, 4,397.06 Reasoning: this is Friday's actual high, genuinely untouched since it printed. A confirmed reclaim here (I want two consecutive 15-minute closes above it, not just a wick) would confirm the pullback from the highs is over and the broader uptrend is resuming. Stop sits just under the reclaim zone; first target is the top of the current 4H range, second target is the untouched multi-week swing high. - Entry: 4,397.06 (needs 2 confirmed closes above) - Stop: 4,390.72 - TP1: 4,414.11 - TP2: 4,449.83 SELL — Counter-Trend / Reversal Watch, 4,352.00 Reasoning: this sits just under the 50% retracement of the recovery swing (4,354.05) — a level that would need to give up cleanly to suggest the bounce is running out of steam rather than just pausing. It's a closer, more reachable trigger than a full daily-structure breakdown, but for that same reason it's the weaker of the two ideas — a dip into this zone within an intact uptrend is just as likely to hold as break. Same confirmation rule applies: two consecutive closes below, not a touch. - Entry: 4,352.00 (needs 2 confirmed closes below) - Stop: 4,358.35 - TP1: 4,313.43 - TP2: 4,223.51 These are opposite-side, alternative scenarios — not a hedge. Only one is meant to actually fill. Watchouts - Weekend gap risk: this analysis is built on Friday's final data since the market only reopens shortly. The first 15–30 minutes after reopen are often thin and prone to a false wick in either direction before real price discovery kicks in — I'd let that settle before trusting either level. - Volatility read is stale: the stop distances above are sized off Friday's quiet pre-close volatility, which is almost never representative of reopen conditions. Treat them as a starting point, not gospel — re-check once fresh candles have printed. - FOMC Minutes drop Wednesday 18:00 UTC — the week's main catalyst for gold. Expect chop and wider spreads into it, and don't be surprised if either level gets tagged and reversed in the hours beforehand on positioning alone. - The 4,371–4,415 zone is now on its second test. Structurally it's still valid, but each successful test statistically lowers the odds of the next one holding — don't assume it's "proven" just because it's held twice. News This Week (UTC) - Mon 12:30 — Canada CPI (High) - Tue 06:00 — UK Claimant Count Change (High) - Wed 06:00 — UK CPI y/y (High) - Wed 18:00 — FOMC Meeting Minutes (High) — key event - Thu 01:30 — Australia Employment Change / Unemployment Rate (High) Levels only — not financial advice. Always size to your own risk tolerance and confirm live price action before acting on either side.