XAU/USD (Gold) 15M Technical Analysis
Market Bias: Bullish

The chart shows a strong bullish recovery after a clear gap-up opening, suggesting buyers remain in control. Price has retraced back into the gap area and is now holding above a marked support/demand zone, increasing the probability of continuation toward higher levels.

Key Technical Observations
Gap Support: The opening gap has acted as a demand zone, attracting buyers.
Support Zone: 4065.3–4060.0 (gray box). As long as price holds above this area, the bullish structure remains intact.
Higher Lows: Price is forming higher lows after the gap, indicating sustained buying pressure.
Bullish Continuation: A breakout above the recent intraday high would likely trigger momentum toward the upside target.
Trade Setup
Entry: Around 4065–4068 on bullish confirmation.
Stop Loss: 4048.6 (below the support zone).
Take Profit 1: 4085
Take Profit 2: 4100
Take Profit 3: 4110
Final Target: 4118.8
Invalidation

A sustained close below 4048.6 would invalidate the bullish setup and could expose gold to deeper downside toward the next support levels.

Conclusion

The overall intraday structure favors buying the dip while price remains above the 4065 support zone. The gap fill followed by strong buying interest suggests bulls are targeting the 4118 resistance area. Patience is advised—wait for bullish confirmation before entering rather than chasing price.