Fundamental Analysis
Gold remains range-bound as investors wait for upcoming U.S. labor data to clarify the Federal Reserve’s next policy move. Middle East uncertainty may continue to support safe-haven demand, while firm Treasury yields and USD resilience could limit immediate upside momentum.

Technical Analysis
On the 4H chart shown, XAUUSD is trading near 4,064.95 inside a descending institutional order-flow channel. Price remains below the upper supply boundary, but the marked H4 mitigation block at 4,018–4,030 provides the preferred buy location. If price retraces into this area and produces bullish confirmation, gold may recover toward 4,085–4,100. A sustained breakout above the channel could then expose the weekly buy-side liquidity around 4,155–4,165.

Important Key Levels
Current price: 4,064.95
Main buy zone: 4,018–4,030
Short-term support: 4,018–4,030
Short-term resistance: 4,085–4,100
Liquidity area: 4,155–4,165
Main target: 4,155–4,165
Invalidation: below 3,995

Trading Scenario
Main Buy Setup
Entry: 4,018–4,030
Stop Loss: 3,995
Take Profit 1: 4,065–4,075
Take Profit 2: 4,085–4,100
Take Profit 3: 4,155–4,165

Buy Condition
Wait for price to retrace into the H4 mitigation block and show a clear bullish reaction. A sell-side liquidity sweep, long lower wick, bullish engulfing candle, failed breakdown, or 4H close back above 4,030 may confirm buyer pressure. If price breaks and holds below 3,995, this setup is no longer valid.

Overall View
The broader structure remains corrective while XAUUSD trades below the HTF bearish order-flow boundary. The preferred plan is to avoid chasing near current price and wait for confirmation from 4,018–4,030. A deeper decline could test the weekly bullish order block around 3,955–3,970, but the primary setup remains the H4 mitigation reaction toward 4,100 and potentially 4,160.

Do you expect gold to react from the H4 mitigation block, or sweep the weekly order block first?