XAUUSD — counter-trend long: entry 4,134.42, SL 4,115.19, targetGoldOANDA:XAUUSDIOTABHI Gold is still in a corrective phase on the daily — every major MA is overhead (EMA20 −1.45%, EMA50 −2.92%, 200-SMA −9.55%) and the daily rating is Strong Sell with a bearish BOS at 4,099.13 still intact. So to be clear: this is a counter-trend bounce trade, not a trend reversal call. Half size, tight invalidation. What puts it on my radar: • Price is holding the 4,117.6 (daily fib 0.786) / 4,099.1 (prior swing low) support shelf. • 4H printed a bullish CHoCH at 4,184.39 — the first structural sign of buyers stepping in. • Daily MACD line (−44.6) is already above its signal line (−48.4), so downside momentum is easing even with the bearish rating. • Sentiment is waiting on Fed rate signals rather than repricing — no high-importance US data on the calendar for the rest of the week. My levels: • Entry 4,134.42 — only on a reclaim, not on a knife-catch. • SL 4,115.19 (−0.47%) — below the 4,117.6 / 4,115 shelf. If that goes, the bounce thesis is wrong. • BE 4,149.14 (+0.77R) — take a partial and move the stop to entry. • T1 4,163.47 (1.51R) — first resistance band, partial only. • T2 4,192.31 (3.01R) — just above the 4,184.4 CHoCH high. • T3 4,228.42 (4.89R) — into the daily fib 0.618 at 4,241.5. What kills it: a daily close back under 4,099 and I'm out of the idea. Conversely, a daily close above 4,184–4,241 flips the near-term read to neutral/up — at that point I'd rework this from the long side properly instead of trading a bounce inside a downtrend. Levels and levels only — not financial advice, manage your own risk.