XAUUSD is still trading below the Ichimoku cloud, so the broader structure has not turned bullish yet. However, price is approaching a major demand area around 3,970–4,070, a zone that previously attracted strong buying and now becomes the main level I’m watching for a possible recovery.
Rather than buying around 4,140, I would prefer to see Gold retest this lower support zone first. If price reaches the area, holds above 3,970 and begins to show clear rejection, it could provide the base for a stronger rebound.
If buyers successfully defend this zone, my upside objective is:
🎯 Target: 4,465
Macro Market: the backdrop remains mixed but still offers support for Gold on deeper pullbacks. Expectations for an October Fed hike have fallen to around 20%, while the US Dollar remains relatively subdued and geopolitical uncertainty continues to support safe-haven demand. Elevated Treasury yields near 5.3% remain the main headwind.
A sustained H8 breakdown below 3,970 would invalidate this recovery setup.
AURICVERSE View: Gold is not bullish yet, but the 3,970–4,070 buy zone offers a much better location to watch for a reversal than current price. If buyers defend it and momentum returns, 4,465 becomes the next major recovery target.
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