Gold 1H: Trendline Retest at Zone Buy — Reversal Setup

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Gold 1H: Trendline Retest at Zone Buy — Reversal SetupGoldOANDA:XAUUSDKongTrade_SetupGold has pulled all the way back down to a major confluence area, and this chart shows a beautiful example of how SMC structure and trendlines can line up to build a high-quality setup. Going back a bit: after bouncing from the original Zone Buy near 4,284–4,314, gold rallied hard — confirmed by a CHoCH (Change of Character) and then a BOS (Break of Structure) — all the way up to a Strong High around 4,520. From there, price rejected and broke down through a Break Out level into a new Demand Zone near 4,420–4,455, where it consolidated in a tight range for several days. Eventually, that Demand Zone failed to hold, and gold dropped hard, sweeping all the way back down into the original Zone Buy. This time, price tapped right onto the rising trendline connecting the recent higher lows — and reacted almost perfectly. That reaction is marked clearly on the chart as a Retest, and it's a strong signal: price respecting the same trendline and zone together adds real confidence to the setup. Since that retest, gold has already shown a small recovery — a pullback, then a bounce — hinting that buyers are starting to step back in. If this holds, the next logical move is a break above the descending trendline (currently around 4,380–4,400), which would open the door for a fresh push back toward the Strong High near 4,520. The key risk here is straightforward: if price breaks back down below the Zone Buy and the rising trendline, this bullish reversal idea would be invalidated, and deeper downside could follow instead. For beginners: when a horizontal zone and a trendline meet at the same price, that confluence often makes the level far more reliable than either one alone. 💬 Do you think gold breaks the descending trendline and heads back toward 4,520, or does the Zone Buy finally give way this time?