Bullish Reversal Price Tests Major Support and Descending TrendGold vs US DollarPEPPERSTONE:XAUUSDTrade_ActionKey Levels Support: 3,940–3,960 (major demand zone) Immediate Resistance: 4,020–4,040 Trendline Resistance: Around 4,010–4,030 Bullish Target 1: 4,080 Bullish Target 2: 4,120–4,130 Bullish Scenario Hold above the support zone. Break and close above the descending trendline. A successful retest of the broken trendline as support would strengthen the bullish case and open the path toward 4,080, followed by 4,120+. Bearish Risk If price fails to hold above 3,940–3,960, the bullish setup becomes invalid and sellers could extend the decline toward fresh swing lows. Trading Outlook The market is approaching a decisive point. While the prevailing trend is still bearish, price is testing a major demand area where a bullish reversal is increasingly possible. Traders should wait for confirmation with a strong breakout above the descending trendline before expecting a sustained upside move.