Gold H1: Can $4,075 Hold Before a Run at $4,195?GoldOANDA:XAUUSDCaptionGold_Trader Gold rebounded from the 4,034–4,052 Fib zone and reclaimed 4,075, putting last week’s highs back in view. With price approaching the 4,137–4,154 rejection block, the next pullback could show whether buyers can defend the level they just recovered. Market Context Gold moved back above $4,100 early Monday after Friday’s stronger-than-expected US payrolls report. Tuesday’s CPI release is the next scheduled catalyst. The dollar and Treasury yields will help show whether the data support the rebound or put it under renewed pressure. Liquidity and H1 Structure The broader recovery began at lower demand, where a bullish market structure shift was followed by a break of structure. The rally then cleared the 4,075 order block before stalling at the upper rejection zone. Sellers later pushed price back below the order block, but the Fib zone absorbed that pullback and produced the current rebound. That sequence gives 4,075 two jobs. It is the first support test on a deeper retest and the level sellers need to regain to bring the Fib zone back into play. Above price, the prior highs inside 4,137–4,154 may attract buy-side liquidity. The H1 close around those highs will help distinguish a sweep from a breakout. Scenario 1 — Buyers Defend the Reclaim If gold pulls back through the 0.786 Fib reference near 4,098, watch how it trades around 4,075. A brief sweep followed by a reclaim, or a defended retest that forms a higher low, would support another attempt at 4,137–4,154. An H1 close above approximately 4,154 and a retest that holds would put the chart’s projected 4,190–4,195 area in focus. If price pushes through the old highs and closes back inside the block, seller follow-through would favour a renewed pullback. Scenario 2 — The Retest Fails An H1 close below 4,075 followed by a failed reclaim would weaken the immediate continuation setup and put 4,034–4,052 back in focus. That zone already produced a rebound, so a second test would show whether buyers still have enough strength to defend it. If price breaks below roughly 4,034 and fails to recover the zone, the lower fair value gap around 3,959–3,993 becomes the next area to assess. The deeper order block near 3,921 remains a structural reference. Would you give more weight to a higher low at 4,075 or wait for buyers to hold above the rejection block?