Gold Trap to Sellers but Strong upward bullish Trend soon

XAUUSD (Gold)* on a *4-hour* timeframe. Below is the breakdown of the key technical elements:

1. *Current Price Level*: The price of *Gold* is currently at *2,905.96* with a slight *-0.12%* change.
2. *Key Levels*:
- *Support Zone*: Around *2,892.145* where the price has recently bounced, indicating a potential *buy zone*.
- *Target Zone*: The next target is at *2,950*, which aligns with the *weak high* on the chart.
- *Resistance Level*: The *weak high* near *2,960* is a crucial resistance zone, and if the price pushes through, it could indicate further bullish momentum.

3. *Market Structure*:
- *BOS (Break of Structure)*: Both *BOS* and *CHoCH (Change of Character)* markers are seen, indicating potential shifts in market momentum and trend reversals.
- *Strong Buy Zone*: The *black box* around *2,885.057 to 2,891.421* represents a support region that might offer a good opportunity for a *buy entry* if the price dips.

4. *Trend Analysis*:
- *Bullish Bias*: With a target aimed at *2,950* and beyond, the market seems to have a bullish structure, especially with the *BOS* and *CHoCH* signals. However, traders should be cautious near the *weak high* at *2,960*.

5. *Trade Plan*:
[10/03, 7:56 pm] ChatGPT: - *Buy*: Look for a bounce around the *2,892* to *2,885* area, aiming for the *2,950* target zone.
- *Sell*: If the price breaks the *2,950* resistance, consider a pullback and potential continuation toward *2,960*.

*Risk Management*:
- Keep stop losses tight around the *2,885* support to minimize risk if the market moves against the trade.
- Be prepared for potential market fluctuations, and always use proper risk management techniques.

The chart suggests a bullish continuation, but it’s important to watch for price action near the resistance level to validate the trend.