Jos Pro Trader

$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