XAUUSD 3966 sweep — 4078 is the draw

That sweep under 3,970 is the part nobody should ignore.

Gold flushed into the low, tagged 3,966, then bounced back above 4,000. Not clean bullish. Not pretty. But that is how traps usually start.

Late sellers got paid first. Now price is trying to pull back into the next imbalance.

Macro still leans heavy, yeah. US-Iran tension, inflation fear, Fed rate-hike talk, stronger USD. All of that keeps the bigger tone bearish. So I’m not calling this a clean reversal.

This is more like a reaction trade.

Main bias is short-term bullish recovery while 3,966 holds.

The Fibo zone around 3,982 - 3,992 is the key reload area. If gold dips back there, holds, and reclaims above 4,021, then buyers can squeeze price toward 4,034 first. Above that, the real magnet is 4,064 - 4,078.

That SSL zone is where I expect the next fight. Could be the spot where sellers step back in. So yeah, buy low if it confirms, but don’t marry the bounce.

Trading scenario:

Buy idea only if price holds 3,982 - 3,992 and reclaims back above 4,021.

Entry zone: 3,982 - 4,000 after confirmation
Stop loss: below 3,966
TP1: 4,034
TP2: 4,064
TP3: 4,078

No reclaim above 4,021, no buy. Simple.

If gold closes hard below 3,966, this bounce idea is cooked. Then the sweep failed, and sellers can drag price lower again.

For now, I’m reading this as low sweep first, recovery into SSL second.

You think gold taps 4,078 before sellers return?