XAUUSD TECHNICAL ANALYSIS LONG TRADE IDEA CHECK CAPTAIN GOLD (US$/OZ)TVC:GOLDDavidHills110This chart suggests a potential bullish reversal setup for gold (XAU/USD) on the 1-hour timeframe. Key Observations: 1. Support Zone (Around 2,885 - 2,908): The price recently dropped but found support around 2,885.926, suggesting possible buyer interest. A horizontal support line indicates this level has been tested. 2. Potential Reversal & Upside Target: A V-shaped recovery is anticipated, shown by the sharp upward arrow. The price could first retest support before a strong bullish push toward 2,960.000, aligning with the previous trendline. 3. Red Resistance Zone (Above 2,920): Previous price action faced resistance here, making it a key area to watch for confirmation of the bullish move. Possible Trade Idea: Entry: Around 2,885 - 2,908 if price confirms support. Target: 2,960 (or adjust based on structure). Stop Loss: Below 2,885 to limit downside risk.