XAUUSD Bullish Reversal from Key Support Zone – Target 4375GoldOANDA:XAUUSDGold_Market_MindXAUUSD (Gold) – 15M Technical Analysis Market Bias: Bullish Reversal Setup The chart shows a strong bearish trend that has started losing momentum near a key support zone around 4302–4290. Price is consolidating above support, suggesting sellers may be exhausting and buyers could step in for a rebound. Key Levels Support Zone: 4302.579 – 4290.000 Stop Loss: 4280.632 Target: 4375.452 Trade Idea Wait for price to retest the support area around 4302–4295. A bullish rejection candle or strong buying volume from this zone would strengthen the long setup. The projected move targets 4375.452, offering a favorable risk-to-reward ratio. Technical Outlook Downtrend momentum is weakening after the sharp sell-off. Price is attempting to form a base above support. A successful hold of the support zone could trigger a recovery toward the next resistance area near 4375. Invalidation A sustained break below 4290 and especially below 4280.632 would invalidate the bullish setup and could lead to further downside pressure. Conclusion: XAUUSD is approaching a critical support area where a bullish rebound may develop. Traders should watch for confirmation before entering long positions, with 4375.452 as the primary upside target.