Gold trend breakout plus low confirmed, indicating Bulls are str

Description

Pair: XAUUSD (Gold)

Timeframe: Daily (1D)

Market structure: Bullish trendline respected multiple times

Recent activity:


Breakout below trendline


Retest of trendline

Return to FVG (Fair Value Gap) zone

Scenario 1: Bullish Rejection & Continuation

Market respects the previous FVG zone, signaling strong buyer interest.

Breakout fakeout: The move below the trendline could be a liquidity grab.

Higher Low (HL) formed, showing bulls still in control.

Price forms bullish candle structure, suggesting demand is active.

Next target zones:

Minor resistance: $3,336–$3,396

Major target: Revisit recent High around $3,432–$3,472




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Scenario 2: Bearish Breakdown & Continuation

Price fails to hold above FVG zone and closes below $3,287 support.

Trendline break becomes valid, confirming structure shift.

Lower High (LH) is maintained, signaling early downtrend.

Watch for liquidity sweep below HL and break of key demand.

Next target zones:

Minor support: $3,264

Major bearish target: $3,154–$2,739 (previous demand zone)