XAUUSD Bullish Rebound Setup After Channel BreakdownGoldOANDA:XAUUSDCHART_MASTERS_GOLDPrice respected the marked support zone around 4506 – 4520. A rejection candle formed near the lower boundary of the bearish channel, indicating buyer presence. Current structure suggests a potential breakout retest scenario from the falling channel. Momentum is shifting upward after multiple lower lows weakened near support. Trade Idea Entry Zone: Around 4537 – 4544 Target Point: Near 4566 Stop Loss: Below 4506 Market Structure The bearish momentum appears exhausted after the aggressive selloff. If buyers maintain price above the support block, the market could attempt a corrective bullish push toward the highlighted target area. Confirmation Signals Bullish continuation becomes stronger if: Price closes above recent lower highs. Volume increases on bullish candles. Retest of support holds without breaking 4506. Risk Factor A clean breakdown below the support zone invalidates the bullish setup and may continue the broader downtrend. Suggested Title XAUUSD 15M Bullish Reversal From Key Support Zone