XAU/USD Key Support Test & Probable Trend ReversalGoldOANDA:XAUUSDMR_NARCOS_ANALYSISTrend Duration Analysis From the Trend Duration markings: Recent Trend Durations Noted Previous uptrend: 21 candles Prior downtrend: 10 candles Earlier uptrend: 37 candles Your indicator suggests the probable length of the current downtrend may also approximate 21 candles, similar to the previous major cycle. Right now, the downtrend is in early stages and may continue slightly lower into your SUPPORT LEVEL before reversing. 3. Key Levels (from chart) Support Zone 4,035 – 4,000 (largest highlighted accumulation zone) This is the critical support on the chart. Price has touched the upper area already. Secondary Demand Zones 3,980 3,950 3,900 These represent deeper liquidity pockets if the support breaks. Upside Targets After Reversal Based on your projection lines: 4,150 4,200 4,300 4,350+ (max extension on dotted projections) These levels match the Fibonacci-style structure visible on the right side. 4. Price Structure Analysis ✔ Bullish structure before drop Price formed a strong 37-candle trend up, creating a higher high. ✔ Sharp correction now The drop into support appears to be a classic liquidity sweep before a trend continuation. ✔ Support Reaction Expected Your chart clearly shows the expected bounce path marked with a blue dotted diagonal. If the support holds, we are likely to see: A higher low formation Trend reversal back into the projected targets 5. Probable Scenarios 🟢 Bullish Scenario (High probability) If price holds above 4,035 – 4,000, expect: Trend reversal up Recovery into 4,150 → 4,200 → 4,300 A full potential extension toward 4,350 – 4,400 This matches the indicator’s “Probable Length” of the next uptrend. 🔴 Bearish Scenario (Low probability but possible) If price breaks below 3,980, then: Market will target 3,950 and 3,900 demand Trend duration may extend beyond the predicted cycle But the chart suggests this is a less likely path. 6. Final Summary Gold is now in a bullish accumulation zone. Current downtrend is likely near completion (based on the 21-candle forecast). Support at 4,035 – 4,000 is the critical pivot zone. A bullish reversal toward 4,200–4,350 is the most probable move if support holds. Your chart essentially forecasts a buy-the-dip setup with upward continuation. NQ1! ES1! MNQ1! MES1! GC1! MGC1! YM1! CL1! BTC1! SI1! RTY1! NIFTY1! MYM1!