Title: XAU/USD Eyes Bullish Recovery Toward 4,102 After Support

Jul 15

The **XAU/USD (Gold)** 1-hour chart suggests that buyers are attempting to regain control after a sharp decline. Price has rebounded from the **4,030–4,040 support region**, where buying interest has emerged near the Ichimoku cloud.

The recent bounce indicates a potential short-term bullish recovery, but the market is still trading below a key resistance zone and the broader trend remains cautious. A sustained move above the nearby cloud and higher lows would strengthen the bullish case.

The chart highlights an upside objective around **4,102**, which aligns with the next resistance level. If buyers maintain momentum, this target could be reached in the coming sessions. However, failure to hold above the current support area may expose gold to another leg lower toward the major support zone around **3,965–3,975**.

### **🎯 Target**

* **Bullish Target:** **4,102**

### **📌 Key Levels**

* **Support:** **4,030–4,040**
* **Major Support:** **3,965–3,975**
* **Resistance:** **4,102**
* **Major Resistance Zone:** **4,180–4,190**

**Outlook:** Cautiously bullish while price holds above the 4,030 support area, with **4,102** as the primary upside target. A break below support would invalidate the bullish setup and shift focus back toward the lower support zone.

Jul 15

Trade active

active

Jul 22

Trade closed: target reached

my given target is achieved