Gold Holding Strong Support – Upside Target 4071GoldOANDA:XAUUSDGold_Market_MindXAUUSD 15M Technical Analysis Market Structure Gold is trading inside a prolonged consolidation range after a strong bearish move. Price has repeatedly respected the support area around 3960–3965, indicating buyers are defending this zone. Key Levels Support Zone: 3960 – 3965 Current Price: ~3979 Stop Loss: 3940 Target: 4071 Resistance Range: 4015 – 4020 Bullish Scenario The chart suggests a potential bullish reversal setup from support. If buyers maintain control above 3960, a rebound toward the upper boundary of the consolidation range is likely. A breakout above 4020 could accelerate momentum toward the projected target near 4071. Bearish Scenario A decisive breakdown below 3960 support would invalidate the bullish outlook and expose the market to further downside toward the 3940 stop-loss area and potentially lower levels. Trade Idea Entry: 3965–3970 support retest Stop Loss: 3940 Target: 4071 Risk-to-Reward: Approximately 1:4 Conclusion XAUUSD is testing a major support zone after extended consolidation. As long as price remains above 3960, the bias remains bullish, with potential for a strong recovery toward 4071. Traders should monitor price action closely for confirmation before entry.