XAUUSD — 4,030 May Wake the Bounce

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XAUUSD — 4,030 May Wake the Bounce GoldOANDA:XAUUSDFelix_MacroTradeXAUUSD — 4,030 May Wake the Bounce Gold is opening the new week with a quieter tone, but the chart still feels like it is building a story from the lower side of the range. Last week, price spent a lot of time shaking both buyers and sellers. Gold pushed up, failed to fully hold the higher area, then came back down to sweep liquidity near 3,996.055. That sweep is important because price did not continue bleeding lower into the discount zone around 3,959.800. Instead, it reacted, reclaimed the IFVG area, and started trading back near 4,050 - 4,060. For newer traders, this is the part to focus on: when price sweeps a low, returns above it, and then retests an imbalance zone, that area can become a “springboard” if buyers are still active. Right now, the IFVG around 4,015 - 4,030 is the zone where I want to see the market breathe and hold. My main view for the new week is bullish while gold stays above 4,015 - 4,030, with 3,996.055 acting as the deeper line buyers should protect. The fundamental background is mixed: tensions around Iran are cooling slightly, Fed kept rates steady, but the possibility of higher rates later in the year still keeps pressure on gold. So I do not expect a perfectly clean rally. I want confirmation. If price holds the IFVG and starts building higher lows again, the next upside magnet is 4,100.685. A clean break above that level could open the way toward 4,166.130, where the next larger liquidity area is resting. This bullish idea becomes weak if gold loses 3,996.055 and cannot recover. That would tell me the sweep failed, and price may need to revisit the deeper discount zone first. Key price zones to watch Current reaction area: 4,050 - 4,070 Main demand / IFVG zone: 4,015 - 4,030 Bullish confirmation zone: clean hold above 4,030 First upside target: 4,100.685 Main upside liquidity target: 4,166.130 Lower support if buyers fail: 3,996.055 Major discount zone: 3,959.800 Invalidation: clean close below 3,996.055 Do you see this 4,030 IFVG as the base for the new week, or would you wait for 4,100 to break before trusting the bullish continuation?