Gold Weekly Outlook – Can Bulls Extend Recovery Toward 4,250?GoldOANDA:XAUUSDCaptionGold_TraderGold ended the week on a constructive note after finding strong demand around the 3,950 support zone. The rebound gained momentum following the US Core PCE release as profit-taking in the US Dollar and end-of-week portfolio rebalancing helped precious metals recover. Next week, traders will focus on a series of major US economic events, including ISM Manufacturing PMI, ISM Services PMI, ADP Employment, and Non-Farm Payrolls (NFP). These releases are likely to determine whether Gold can extend its recovery or resume the broader downtrend. Key Technical Levels Major Support: 3,950 – Multi-week demand zone where buyers defended the decline. First Resistance: 4,100 – Key breakout and retest level. Main Bullish Target: 4,250 – Descending trendline confluence with a higher-timeframe supply zone. Market Scenarios 🟢 Bullish Case Holding above 3,950 keeps the recovery structure intact. A sustained move above 4,100 could trigger short covering and open the way toward the 4,250 resistance area. 🔴 Bearish Case The broader trend remains bearish while price trades below the macro descending trendline. Rejection from 4,100 may attract fresh selling pressure, exposing 3,950 once again, especially if next week's US data supports a stronger Dollar. 💬 Outlook: Will Gold continue its post-PCE recovery toward the 4,250 trendline, or will next week's PMI and NFP data trigger another bearish leg? Share your outlook below. TradingView Mind 🚀 XAUUSD (H4) | Gold Eyes 4,250 Ahead of PMI & NFP Week Bias: Short-term bullish recovery inside a broader bearish trend. Key Levels 🟢 Support: 3,950 ⚪ Resistance: 4,100 🎯 Bullish Target: 4,250 Institutional buying has stabilized Gold above the major demand zone, but next week's PMI and NFP releases will likely decide whether the recovery continues or fails beneath the macro trendline. Are you buying the recovery or waiting to sell the trendline rejection? 👇