XAUUSD: Bulls Maintain Upward Momentum!GoldOANDA:XAUUSDDomicChainaXAUUSD is pulling back to retest the 4,025–4,050 zone, but I do not view this as a bearish reversal signal yet. The price remains above the bullish trendline, and this area has repeatedly absorbed selling pressure while generating distinct bounces. On the other hand, a deep sweep into the support zone followed by an H2 candle close back above 4,065–4,075 would provide a convincing signal that buyers have returned. In that scenario, the next target lies at the previous high of 4,140–4,165. Early-week conditions also slightly favor gold. Oil prices dropped sharply after the US postponed a new strike on Iran, easing concerns about inflation and potential interest rate hikes. Gold responded positively to this development during the opening session of the week. Buy observation zone: 4,025–4,050 Confirmation: H2 close above 4,075 Target: 4,140–4,165 Invalidation: H2 close below 4,000 and a break of the bullish trendline I still favor the upside, but I am not chasing the price in the middle of the range. Are you waiting for a direct reaction at the support level, or will you wait for the price to reclaim 4,075 before entering a trade?