XAU/USD Bullish Reversal: H4-FVG Tap and Trendline SupportGold vs US-DollarGBEBROKERS:XAUUSDfx_martin9Technical Breakdown 1. Bearish Phase (The Setup) Head and Shoulders Pattern: A clear reversal pattern formed at the top of the range (Left Shoulder, Head, Right Shoulder). Breakout: Price broke below the neckline (marked by the red circle/breakout label), triggering a sharp, impulsive move downward to establish the local swing low. 2. Bullish Transition & Reversal Ascending Support Channel: Price found buyers at the bottom and established a rising trendline (red support channel), validated by three distinct touches (indicated by the teal arrows). Market Structure Shift (MSS): The previous bearish trend was invalidated as price aggressively broke above the recent swing high, shifting the market bias from bearish to bullish. Break of Structure (BOS): A subsequent continuation break of structure occurred, confirming the upward momentum. 3. The Current Entry Trigger & Targets H4-FVG (Fair Value Gap): Price has pulled back directly into a 4-hour Fair Value Gap, which sits immediately above the ascending support channel. This confluence makes the zone a high-probability demand area. Projected Price Action: The expectation is for price to reject this combined support zone (FVG + Trendline) and push higher. Target: The ultimate target is the previous swing high liquidity pool (marked by the green target box). Trading Idea Parameters Direction: Long (Bullish) Entry Zone: Inside the H4-FVG zone, aligning with the ascending trendline support. Invalidation / Stop Loss: A sustained close below the ascending channel support line. Take Profit (Target): The recent structural high liquidity zone (indicated by the green Target box).