Gold is trading near $4,042 after another test of the $4,025 support area. Sellers are still controlling the short-term structure, but price has not broken toward $4,000 yet.

The macro picture remains mixed. A weaker dollar and lower Treasury yields can support gold, but improving risk sentiment may limit safe-haven demand. That keeps XAUUSD stuck between technical recovery and macro uncertainty.

Technically, gold remains below the EMA 9, EMA 20, SMA 50 and SMA 200. This keeps the recovery fragile, but the structure now looks like a possible double bottom near $4,025.

Gold tested this zone twice, but sellers failed to push price toward $4,000. The confirmation zone is $4,050–4,068. If price breaks above this area, the double bottom could be confirmed and gold may recover toward $4,080, then $4,112.

Scenarios
🟢 Bullish scenario:
A clean H1 close above $4,068 would confirm the recovery attempt and could open the way toward $4,080.

🔴 Bearish scenario:
A break below $4,025 would invalidate the double bottom and expose $4,000.

⚪ Neutral scenario:
While price stays between $4,025 and $4,068, gold remains in a recovery attempt without full confirmation.

For now, the key question is simple: $4,068 breakout or $4,025 breakdown?

⚠️ Not financial advice.