XAUUSD Support Rebound Setup | Bullish Recovery ExpecteDfrom4297GoldOANDA:XAUUSDGold_Market_MindXAUUSD (Gold) – 15M Technical Analysis Market Structure: The chart shows a completed bearish channel pattern, where price respected the upper and lower boundaries before breaking down from the channel. After the breakdown, gold experienced a strong sell-off, confirming bearish momentum. Current Price Action: Price is currently trading around 4314. A key support zone is marked near 4299–4300. The setup anticipates a pullback into support followed by a bullish reaction. Recent candles show selling pressure slowing as price approaches the demand area. Bullish Scenario: ✅ If buyers defend the 4299 support zone, a rebound could occur toward: Target: 4345 Potential upside: approximately 45 points The projected move suggests a risk-to-reward ratio of roughly 2.3:1, making it an attractive intraday setup if confirmation appears. Invalidation Level: ❌ A break and close below 4280 would invalidate the bullish setup and could trigger further downside continuation. Key Levels Support: 4299 Stop Loss: 4280 Target: 4345 Trading Idea Wait for: A retest of the 4299 support zone. Bullish confirmation (rejection wick, bullish engulfing candle, or market structure shift). Entry targeting 4345 while keeping risk below 4280.