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Idea: Is gold about to rebound? Prof…

Recent Price Action: After rising from a low near 4050, price hit resistance around 4158 and has since started forming lower highs — showing potential short-term bearish momentum.
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🔍 Technical Analysis
1. Resistance Zone: ~4150–4160
Price rejected here multiple times.
2. Support Zone: ~4100–4090
Price has bounced here several times, indicating short-term buying interest.
3. Current Structure:
The market is ranging between 4100 and 4150.
A breakout either way will determine the next direction.
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📉 Possible Sell Signal (Short Setup)
Entry: Below 4090 (confirmation of breakdown)
Stop Loss: Above 4120
Take Profit Targets:
TP1: 4060
TP2: 4030
This setup is valid only if a candle closes below 4090.
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📈 Possible Buy Signal (Long Setup)
Entry: Above 4160 (confirmation of breakout)
Stop Loss: Below 4120
Take Profit Targets:
TP1: 4190
TP2: 4215
This setup is valid only if a candle closes above 4160.
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⚠️ Tips
Wait for H1 candle close above/below the breakout levels.
Avoid trading inside the 4100–4150 range (low probability zone).
Watch for USD news — Gold often reacts strongly to U.S. economic releases

Setup Details:
📈 Entry: $4112 (Institutional Re-Accumulation Zone)
🎯 TP: $4133 (Immediate Liquidity Zone)
⛔ SL: Below $4100 (Key Intraday Demand Zone)
Strong Momentum Continuation Buy from $4112 —
New Leg Up Loading ⏫ Targeting Next Liquidity Zone at $4133
REASONING & CONFLUENCE:
✅ Bullish order block confirmed
✅ Higher-low structure maintained
✅ Buyers defending key intraday demand
✅ Momentum aligned with short-term uptrend