Gold: Potential Bullish Reversal Setup on XAU/USD from QML Zone

Hello guys!

What I see:

• QML in Lower Time Frame:

Price is currently testing a QML zone from a lower timeframe (marked in light blue).
This area aligns with a significant reaction point, suggesting institutional interest.

• QML in Higher Time Frame:

Below this lies a higher timeframe QML, acting as a secondary support.
This adds confluence for a potential strong bullish rejection if the price dips further.

• Engulfed Level:

A previously engulfed resistance level has been marked, showing where sellers lost control.
Price returning toward this area with reduced momentum indicates possible accumulation.

• Targets Identified:

Multiple target levels are projected with an ascending structure.
These align with liquidity pools above recent highs, suggesting buy-side liquidity engineering.

• Market Structure:

Current price behavior suggests the formation of higher lows and potential bullish continuation.
A corrective move into the QML zone could spark a strong impulsive leg upward.