Gold is holding the 4,035–4,055 support zone quite well. Whenever the price is pushed lower, buying pressure quickly emerges to pull the market back up, indicating that sellers have yet to achieve a genuine breakout.

I lean towards the scenario where XAUUSD undergoes another retest of the support zone before resuming its upward movement.

If a "long-tail" candle or a bullish engulfing pattern appears and the price reclaims the 4,060 level, it would serve as a clearer signal that buyers have returned. The immediate target lies around 4,090, followed by the key resistance zone of 4,100–4,115.

Macro factors are mildly supportive of an upward trend, as the US Dollar remains near two-month lows and US-Iran tensions continue to sustain safe-haven demand for gold.

Buy zone: 4,035–4,055
Confirmation: H1 rejection of lower levels and holding above 4,060
Targets: 4,090–4,115
Invalidation: Clear H1 close below 4,025