Gold Opens The Week With Bounce From Buying Zone, Eyes Key ResGoldOANDA:XAUUSDZenTrade_SetupThe 1H XAUUSD chart shows a clear Smart Money Concepts sequence unfolding over the past three weeks. Price broke down from a Distribution Zone near 4,140–4,200, with the decline confirmed through a series of BOS (Break of Structure) and CHoCH (Change of Character) signals. Each leg lower left behind Fair Value Gaps (FVGs), marking areas of imbalance that the market later revisited during minor pullbacks. This extended bearish sequence eventually brought price down into the zone where institutional buying interest is expected, roughly between 3,960 and 3,990. This area proved to be a significant demand zone, triggering a strong reaction that has price now trading at 4,005.335, modestly higher on the session. The projected path suggests a stepped bullish continuation is underway, with price expected to work through the descending trend line that has capped rallies since early July. The primary objective, marked as Target 1, sits near 4,190 — bringing price back into the broader Key Resistance zone that dominated price action for most of the month. This target area aligns with prior consolidation and swing highs, making it a logical zone for renewed selling interest if reached. A clean break above this resistance could open the door for further upside continuation beyond the current projection. From a risk management perspective, the key invalidation level is a decisive break back below the institutional buying zone (under 3,960). Such a move would suggest sellers have regained control and could lead to a retest of the Distribution Zone lows. For now, structure favors continued upside as long as demand holds, with traders watching for confirmation signals as price approaches the Key Resistance zone. Do you think gold will break through Key Resistance toward Target 1, or will price stall and pull back first?