Gold Bullish Retest Setup – Target 5173

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1️⃣ Market Structure (15-min Gold)

From the chart of Gold Spot / U.S. Dollar (XAUUSD) on the 15-minute timeframe, the structure shows:

Previous downtrend (marked by the trend line).

Price broke the trendline and structure upward.

Strong bullish impulse candle pushed price into the marked supply/resistance zone.

This suggests a shift from bearish → short-term bullish momentum.

2️⃣ Key Zones on Your Chart
🔵 Resistance / Supply Zone

The grey + blue zone around 5155 – 5165

This area previously acted as:

Distribution / resistance

Price rejected here before dropping

Now price has returned after momentum, which makes it a breakout-retest candidate.

🟦 Entry Zone (Retest Area)

Your marked entry around 5135 – 5138 makes sense because:

Previous minor resistance becomes support

Inside the consolidation box

Allows confirmation before continuation

The little zig-zag you drew represents price consolidation before expansion, which is a good expectation.

🟥 Stop Loss

Stop around 5130

This is logical because:

Below the consolidation base

Below minor structure

If price reaches there, the setup is invalid

🎯 Target

Target near 5173

Reasonable because:

Next major resistance

Previous liquidity highs

Clean risk-reward (approx 1:3)

3️⃣ Trade Logic

Scenario A – Bullish Continuation (Preferred) 📈

Price consolidates around 5135

Buyers defend support

Break above 5160

Push toward 5170-5175

Trade plan:

Entry: 5135-5138

SL: ~5130

TP: 5173

Scenario B – Fake Breakout ⚠️

If price:

Breaks below 5130

Closes under support

Then likely move toward:

5118

Possibly 5105

That would invalidate the long setup.

4️⃣ What I Like About This Setup 👍

✔ Break of trendline
✔ Momentum impulse
✔ Retest entry instead of chasing
✔ Clear liquidity target
✔ Good R:R

✅ Overall:
Your analysis is technically solid for a scalp/short intraday long trade.

💡 One improvement I’d suggest:
Wait for confirmation candle (bullish rejection or engulfing) in the entry zone before entering.

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