XAUUSD has completed a pullback following a downward move and is currently forming a base around the 4120.00 support zone.
Key Technical Levels & Setup:
- Support / Entry Zone: Strong support holding at 4120.00 - 4130.00.
- Fibonacci Targets:
- TP 1: 0.382 Fib (~4172.50)
- TP 2: 0.500 Fib (~4191.60)
- TP 3 / Primary Target: 0.618 Fib (~4210.70) to fill the liquidity gap.
- Stop Loss: Below key support at 4110.00.
Outlook: Looking for a bullish continuation off the 4120 demand level to fill the fair value gap above, targeting the 0.618 Fibonacci level (~4210.70). Monitor price action around 4148 (0.236 Fib) for initial confirmation of bullish momentum.

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