False Breakout Below Support – Targeting Upside WaveGoldOANDA:XAUUSDDalitsoTemboGold is currently presenting what appears to be a classic false breakdown below the recent range bottom, which often acts as a springboard for a sharp reversal. We are seeing a rejection of the lower support zone, suggesting that the sellers are being exhausted and that a wave ride to the upside may be imminent as the dip-buyers step in. My immediate bias is bullish, with a target to retest the recent highs; however, this setup is highly dependent on price holding above the established support level. As such, I will be employing a very tight stop-loss just below the swing low to invalidate this thesis, ensuring that risk is strictly defined. Given the volatile nature of false breaks, I am scaling into this position with a reduced size to manage my total portfolio exposure effectively. Remember, the market can always fake a breakout twice, so patience and a disciplined risk-reward ratio are paramount to capitalizing on this potential upswing.