Gold is showing signs of a bullish reversal after forming a clear corrective structure and holding above the recent support zone. The market previously moved in a strong bearish leg, followed by a consolidation phase where price created a series of higher lows, indicating weakening selling pressure.
A small pullback into the highlighted support area offers a potential **long entry around 5008**. This level aligns with the recent structure support where buyers previously stepped in. If price holds above this zone, it could trigger the next bullish impulse.
The **stop loss is placed below 4970**, protecting the trade in case the support fails and bearish momentum resumes. The **target is projected near 5175**, where the next resistance area and liquidity zone may be located.
Overall, the setup is based on **market structure shift, higher-low formation, and bullish continuation potential** after the corrective phase.
**Trade Plan:**
* **Entry:** ~5008
* **Stop Loss:** ~4970
* **Target:** ~5175
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