XAUUSD bullish reversal setup

$Gold is testing a major demand zone after a prolonged decline, with price reacting near the 0.236 Fibonacci support. This area could provide the foundation for a bullish recovery if buyers step in with strong momentum.

Market structure
• Downtrend trendline still in play
• Price holding above the key support zone
• Strong demand area being tested
• Potential bullish reversal from support

Trade scenario
Wait for a strong bullish confirmation candle before entering. A successful rebound from the current support zone could trigger a recovery toward the next Fibonacci resistance levels.

• Targets
  TP1: 4252.02
  TP2: 4312.09
  TP3: 4372.17
  TP4: 4457.70

Invalidation
A decisive break below the current support zone would invalidate the bullish setup and increase the probability of further downside.

Trade with proper risk management and wait for confirmation before entering.