XAU/USD 4H Chart – Bullish Pullback Setup to Key Support ZoneGoldOANDA:XAUUSDLABA_GOLD_TRADINGAnalysis Overview: 📈 Trend: The price is currently moving in an ascending channel, indicating a bullish trend. Price has recently touched or slightly exceeded the upper boundary of the channel, suggesting a potential pullback. 🟦 Support Zone (Buy Zone): Marked in blue, between 3,764.828 (Trade Entry) and 3,718.674 (Stop Loss). This zone aligns with a previous consolidation area, which now acts as a strong support. ✅ Entry Plan: Wait for price to retrace into the blue support zone. Ideal entry around 3,764.828, possibly after a bullish signal (e.g., pin bar, bullish engulfing). ❌ Stop Loss: Placed just below the support zone at 3,718.674, protecting the trade in case the structure fails. 🎯 Target (TP): 3,975.534 — This is labeled as the LABA TARGET POINT, near the upper boundary of the ascending channel. Risk-reward ratio appears favorable, roughly 4:1 if using the full range between entry and stop loss. 🧠 Trade Idea Summary: Setup Type: Pullback to Support in Bullish Channel Bias: Long/Bullish Entry Zone: 3,764.828 (support) Stop Loss: 3,718.674 (below structure) Target: 3,975.534 (channel top) Conditions to Watch: Confirm reversal within the buy zone before entering. Monitor for bearish breakdown if price closes below stop loss zone. ⚠️ Risk Management Tips: Use proper position sizing based on your account size and stop loss. Do not enter early; wait for confirmation (e.g., bullish candle pattern) in the support zone. Keep an eye on macroeconomic news (e.g., NFP, interest rate updates) as gold is very sensitive to these events