Bullish Reversal Setup on GOLD/USD

Bullish Reversal Setup on GOLD/USD 💰📈

🔍 Chart Analysis:

The chart illustrates a clear bullish reversal structure forming off a strong support zone:

📌 Key Observations:

Multiple Rejections at Support 🟠
The price has reacted to the 3,300 - 3,280 USD support zone multiple times, forming a triple bottom pattern, indicating strong buyer interest.

Bullish Harmonic Pattern ✅
A bullish harmonic pattern (likely a Bat or Gartley) completed right at the support level, triggering a strong reversal with a bullish engulfing candle.

Break of Minor Structure 📊
Price broke through minor resistance near 3,340 USD, confirming bullish momentum. The breakout is supported by a retest shown with the green arrow 🟢.

Target Point Identified 🎯
The projected target is 3,460 USD, marked clearly as the next significant resistance zone. This aligns with previous price rejection areas, making it a high-probability target.

📈 Trading Outlook:

✅ Buy Confirmation: Break and retest of 3,340 USD zone.

🎯 Target: 3,460 USD.

🛡️ Support Zone: 3,300 – 3,280 USD (watch for any breakdown below this).

📌 Conclusion:
The chart signals a high-probability bullish continuation, with strong support, harmonic confluence, and structural breakout. Traders may look for buy opportunities on pullbacks with the target set at 3,460 USD. 🚀📊