Gold/USD Bullish Reversal from Support Zone

Gold/USD Bullish Reversal from Support Zone 🟢📈

Technical Analysis:

Support Zone: Price is consistently respecting the horizontal support range near 3,305 – 3,310, confirming it as a strong demand zone (marked by multiple orange circles and previous bounce reactions).

Bullish Structure: After breaking the descending trendline, the price has retested the trendline and horizontal support zone, forming a higher low — a classic bullish reversal signal.

Target Projection: The measured move projection targets a potential upside near 3,366.979, aligned with previous highs.

Bullish Candlestick Patterns: Green arrows highlight bullish price action at significant reversal points, confirming buyer strength at support.

Harmonic Pattern: The shaded harmonic pattern suggests completion near the previous lows, which aligns with the reversal zone.

Conclusion:
As long as the price holds above the support area and respects the trendline retest, bulls may push toward the projected target. A break below the zone would invalidate this bullish setup.