XAUUSD Bullish Rebound: Support Holds, 4,062 Target in FocusGoldOANDA:XAUUSDGold_Market_MindXAUUSD (Gold) 15M Technical Analysis The chart shows a bullish recovery after a sharp sell-off, with price forming higher lows and rebounding from the 3,960–3,970 demand zone. Key Levels Support Zone: 3,992.4 Stop Loss: 3,972.3 Target: 4,061.9 Current Price: Around 4,002 Market Structure Strong bearish move was followed by a liquidity sweep near 3,960. Buyers stepped in aggressively, creating a V-shaped recovery. Price has reclaimed the short-term structure and is consolidating above support. The marked support zone around 3,992 could act as a launchpad for the next bullish leg. Bullish Scenario Holding above 3,992 keeps buyers in control. A breakout above recent intraday highs near 4,005–4,010 could trigger further upside momentum. The projected target at 4,062 offers a favorable risk-to-reward setup. Bearish Risk A breakdown below 3,992 would weaken the bullish outlook. Loss of support could lead to a retest of 3,980 and potentially the stop-loss zone around 3,972. Trading Idea Buy on support retest around 3,992 Entry: 3,992–3,995 Stop Loss: 3,972 Target: 4,062 Risk/Reward: Approximately 1:3.5