XAUUSD 15M – Bullish Reversal Setup Explained Above 4700 Level

Feb 2

After a strong sell-off, Gold is now reacting near a high-probability demand zone.

🔍 My Analysis & Thinking:
• Price has reached the 61.8% Fibonacci retracement of the recent major swing
• RSI (15 Min) is showing a clear bullish divergence
• Selling momentum is weakening after the big fall
• Structure suggests a potential higher low formation

📈 Trade Plan (IF–THEN Logic):
✅ IF price breaks above 4700 (yellow resistance zone)
✅ AND gives a clean retest + bullish confirmation
➡️ THEN BUY

🎯 Upside Targets:
4800 , 4900, 5000 zone (major supply & trendline confluence)

🛑 Invalidation:
Breakdown below 61.8% (4500 -4550 level ) support with strong momentum

⚠️ This is a patience trade — confirmation > prediction.
📊 KEY LEVELS TO MENTION IN CAPTION
Support Zone:
🔹 61.8% Fib – Major demand area
Breakout Level:
🟡 4700 (Yellow Rectangle)
Targets:
🎯 4800 → 4900 → 5000
Bias:
🔄 Short-term bullish after confirmation

XAUUSD 15M – Bullish Reversal Setup Explained Above 4700 Level

Feb 2

Order cancelled

it Doesnt Breaked Out Level 4700 Instead Our It breaked 0.618 Level and again trying to restest the 0.618 level Will Wait for the Setup .

Now Price came up above 0.618 Level 4500-4550 If it again it took support and break the previous swing high we can go for buy