GOLD (XAUUSD) — 8H SUPPORT REVERSAL SETUP GOLD (US$/OZ)TVC:GOLDFrankAgboGold is currently holding around 4,297 after a strong pullback. Price has entered a major 8H support zone around 4,272–4,285, while the rising trendline is also approaching this area. 📌 Trade Setup — LONG Entry: 4,278.541 Stop Loss: 4,272.404 Take Profit: 4,492.405 R:R: ~1:35 🔎 Why I'm Watching This Setup 🔹 Major 8H support: Price is reacting from a previously important demand area. 🔹 Trendline confluence: The rising trendline is approaching the same support region, creating additional confluence. 🔹 Potential reversal: After the recent bearish move, price is beginning to stabilize around support. 🔹 Major upside level: 4,492 is a significant resistance area and represents the potential target if buyers regain control. Confirmation I want to see buyers continue defending the 4,272–4,285 zone. Support holds → bullish reaction → break of nearby resistance → continuation toward 4,492. If price breaks and holds below 4,272, the bullish setup is invalidated. ⚠️ The extremely tight stop shown on the chart means this setup is highly sensitive to normal Gold volatility. Position sizing is important; a wider structural stop with smaller position size may be more robust than risking too much on a very tight stop. The 8H chart is showing a much clearer structure: Gold is sitting at a major decision zone. Will buyers step in?