Gold: Hunting for a Bounce After the Dip - Swing Trade Setup!

Technical Setup: Spotting the Reversal Zone

Alright folks, Gold (XAU/USD) has had a bit of a tumble, down -0.72% in the last 24 hours and trading around 2898.97 right now. The overall trend is definitely bearish, but I'm seeing a potential for a short-term bounce here. My eyes are on a long setup, aiming for an entry around 2889. This level is comfortably above the 2867.41 support we saw today and not too far from the major 2850 support. I'm placing my Stop Loss at 2839 – that gives us some breathing room below key support levels. For the Take Profit, I'm looking at 2990. This looks like a sweet spot, just under the