Today's London and NY sessions gave us a very important reaction

We saw aggressive sellers step into the market early and drive price all the way down into the 4020 key level, which has been a major support area on the higher timeframe. Instead of continuing lower, buyers defended that level extremely well. Selling pressure got absorbed, demand stepped in, and price reclaimed back above support, showing us that sellers were losing momentum

Looking at the Daily timeframe, today's candle is starting to look very constructive. We have a solid rejection wick from the lows and price is closing back above the key support area. That's exactly what I wanted to see. It tells us buyers are still respecting this level and that the downside is becoming weaker unless sellers can break below it with strong confirmation.

On the lower timeframes, we can already see bullish price action beginning to develop. Market structure is slowly shifting in favor of the buyers with higher lows forming and momentum starting to build. This lines up perfectly with the bullish idea I've been waiting for

My Trade Plan 👇

I have 2 buys zone, one at 4055 right after this 15min closed above 4050 ... 2nd zone is a little lower at 4035...

Xauusd update: very nice h4,h1, 30min closure above 405s+ klvl

I will continue to hold xauusd buys for now ... lets be patient