XAUUSD DESCENDING TRENDLINE REVRSAL SETUPGold vs US DollarPEPPERSTONE:XAUUSDTrade_ActionGold is currently trading inside a short-term bearish structure, respecting a descending trendline that has capped price multiple times. The chart shows price recently sweeping liquidity near the trendline resistance before rejecting lower, indicating sellers are still active in the current range. However, a strong support zone around 4648 – 4660 remains intact. Price is now approaching this demand area, where a bullish reaction is anticipated. The projected scenario suggests a liquidity grab into support followed by a sharp rebound toward the descending trendline breakout area. A confirmed breakout and close above the trendline and Ichimoku resistance could open the path toward the first upside target near 4725, with extended bullish momentum potentially reaching the higher target zone around 4770. Key observations: Descending trendline acting as dynamic resistance Strong horizontal support zone holding bearish pressure Possible liquidity sweep before reversal Ichimoku cloud resistance near breakout region Bullish continuation expected after confirmation above trendline Bullish confirmation: sustained candles above the trendline and cloud resistance. Invalidation: clean breakdown below the support zone around 4648.