buyers are defending the structure and preventing a deeper PB

yesterday

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📈 Trade Rationale – XAUUSD (Buy Setup)
Price is currently consolidating after a strong bullish impulse, forming a short-term range above a key support zone. Despite recent volatility, buyers are defending the structure and preventing a deeper pullback.

Multiple rejection wicks near the support level indicate strong demand and absorption of selling pressure. The market failed to create a lower low, which suggests weakness in sellers and a potential continuation of the bullish move.

This buy setup is taken in alignment with the intraday bullish structure, targeting a liquidity zone above recent highs. The stop loss is placed below the consolidation low, ensuring a controlled risk with a favorable risk-to-reward ratio.

yesterday

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