Are We Heading Back to $4,200+?GoldOANDA:XAUUSDBillionaire0000After a steady bearish correction from the $4,520 highs, Gold (XAUUSD) has finally landed on a major daily support zone around $3,976. With sellside liquidity already swept, the bulls are looking to defend this critical demand level. Are we looking at a textbook accumulation phase before a massive impulse wave? Let's dive into the technical details! 🔑 Key Technical Factors The $3,976 Support Floor: This is a highly respected daily level. As long as the price holds above this zone on a daily closing basis, the bullish narrative remains highly active. Liquidity Sweep: We have already taken out the sellside liquidity below the previous lows (around late June), which often acts as fuel for a reversal. Upside Targets (Imbalance & Order Blocks): There is a clear Daily Fair Value Gap (D FVG) and a bearish Daily Order Block (OB) resting much higher. This creates an "imbalance magnet" pulling the price back up to premium levels. 📈 Two Potential Bullish Scenarios Based on the wave fractals projected on the chart, we are looking at two primary expansion paths once accumulation at the current support is complete: Scenario A: The Conservative Rally (Target: $4,219) Price consolidates and forms a minor accumulation pattern (Waves 1-2-3). An impulsive Wave 4 breakout targets the first major resistance zone and Daily FVG at $4,219.105. Scenario B: The Extended Rally (Target: $4,304) If the bulls gather stronger momentum, a deeper correction/consolidation phase will lead to a larger impulse wave. This target points directly to the higher Daily Order Block (OB) at $4,304.531. What's your take? Do you think Gold will find its bottom here, or are we going to see a deeper correction first? 👇 Drop your thoughts and targets in the comments below! Don't forget to like and follow for more daily updates! #XAUUSD #Gold #TechnicalAnalysis #SmartMoneyConcepts #TradingView