"XAU/USD (Gold) Potential Reversal Setup — Bullish Recovery or F

Alright! Let's break down the chart analysis for XAU/USD (Gold vs. USD) 📊💛:

Structure & Trend:

The market is in a corrective phase after a clear downtrend. The trendline break shows potential bullish momentum.

Zone Analysis:

The gray box represents a supply zone (strong resistance). Price may struggle to break above this area.

The target points (TP1 and TP2) are likely support levels where price might react if it drops.

Trade Setup:

The blue box indicates the potential buy zone with a stop loss slightly below it.

The stop loss is set around 3,030.71 - 3,031.00, aiming to minimize risk.

TP1: 3,014.58 — Short-term target.

TP2: 3,005.69 — A more conservative, safer target.

Bias:

The bullish arrow suggests a possible move upward if the price can maintain above the current support.

📌 Conclusion:
If you plan to buy, wait for a strong bullish confirmation (like a bullish engulfing candle) before entering.

If price breaks the stop loss level, a deeper drop may occur toward 2,993.55 - 2,993.21.