Bearish Trap into Bullish Continuation – XAU/USD 45M AnalysisGold vs US DollarPEPPERSTONE:XAUUSDVIPFOREXCRYPTOFREESIGNALS 🔍 Market Structure Overview Price initially moved within a descending channel, maintaining a clear bearish structure with lower highs and lower lows. A breakout from the channel marked the first shift in momentum, indicating weakening bearish control. Following the breakout, price established a series of higher lows, confirming a short-term bullish market structure. ⚠️ Fake Breakout & Liquidity Grab The highlighted “fake upward” move suggests a liquidity sweep above minor highs. This type of move often traps breakout traders before price rebalances. The sharp rejection from the recent high reinforces the idea of smart money taking liquidity before continuation. 🟢 Key Zones to Watch Support Zone (4,500 – 4,520): Strong demand area aligned with previous consolidation and structure. Also acts as a potential entry zone for buyers. Resistance Zone (4,630 – 4,650): Major supply area where price previously rejected. Serves as the primary upside target. 📈 Current Price Behavior Price is retracing from the recent spike and moving toward the support zone. This pullback appears corrective rather than impulsive, suggesting continuation rather than reversal. 🎯 Trade Outlook Bullish Scenario (Preferred): Wait for price to tap into the support zone. Look for confirmation (bullish engulfing, rejection wicks, structure break). Target: Resistance zone above. Bearish Scenario (Invalidation): A strong break and close below the support zone would invalidate the bullish bias. Could lead to a deeper retracement toward previous structure lows. 💡 Conclusion The market is showing signs of a bullish continuation after a liquidity grab, with price likely to revisit the support zone before pushing higher. Patience for confirmation at key levels will be critical for high-probability entries.