XAUUSD: Weak Bounce, Strong Sellers Above GoldOANDA:XAUUSDOwen_SteeleXAUUSD: Weak Bounce, Strong Sellers Above Market Context Gold is trading around 4,017 after a small rebound from the monthly low area. Buyers are reacting from demand, but the upside still looks limited. US-Iran tensions and inflation concerns are keeping the USD supported, while the market is still pricing the possibility of a restrictive Fed stance. This creates pressure on gold whenever price rebounds into higher resistance. Key point: gold is bouncing, but sellers are still waiting above. This is not a confirmed bullish reversal yet. Technical Structure Gold is rebounding from the Demand / Buy Reaction Zone around 3,960 - 4,000. This area is holding for now and may support a short-term bounce. The first important resistance is 4,030 - 4,080. This is the Sell Reaction Zone. If price rebounds into this area and fails, selling pressure may return quickly. Above that, the Major Supply Zone remains around 4,115 - 4,135. As long as gold stays below this zone, the broader structure still favors sellers. If demand is lost, price may fall back toward 3,960 and possibly lower. Key Levels Current Price: 4,017 Demand / Buy Reaction Zone: 3,960 - 4,000 Sell Reaction Zone: 4,030 - 4,080 Major Supply Zone: 4,115 - 4,135 Bullish Confirmation: Above 4,080 Bearish Continuation: Below 3,960 Trading Plan Buy Scenario Entry: 3,960 - 4,000 SL: Below 3,940 TP: 4,030 / 4,060 / 4,080 Condition: Price holds demand and shows bullish confirmation. This is only a short-term rebound setup, not a full reversal. Sell Scenario Priority Entry: 4,030 - 4,080 SL: Above 4,100 TP: 4,017 / 4,000 / 3,960 Condition: Price rebounds into the Sell Reaction Zone and gets rejected. Sellers regain control if buyers fail to hold above 4,080. Sell at Major Supply Entry: 4,115 - 4,135 SL: Above 4,155 TP: 4,080 / 4,030 / 4,000 Condition: Price sweeps higher into major supply and fails to continue. This is the stronger sell area if the rebound extends. Breakdown Sell Entry: Below 3,960 SL: Above 4,000 TP: 3,940 / 3,920 / 3,900 Condition: Demand fails, retest is rejected, and bearish momentum continues. Overall Bias Gold is still not bullish yet. The rebound from demand is valid, but the structure remains weak below 4,030 - 4,080. If buyers reclaim 4,080, gold may extend toward 4,115 - 4,135. If price rejects from the sell zone, sellers may push gold back toward 4,000 and 3,960. Best approach: wait for confirmation at demand or resistance. Do not chase the bounce while gold is still below the sell zone. Will gold break 4,080, or will sellers use this rebound to push price back into demand?