On the M15 timeframe for XAUUSD, the recent price action reveals a key bullish reversal pattern forming near the critical support level of 4016.55. After a prolonged consolidation phase following a downtrend, the last few candles show a strong close above the 4016.55 pivot, accompanied by a notable volume surge of 3858, indicating robust buying interest. This suggests a potential shift in momentum, with the price retesting support and closing firmly above it, validating the buy signal. The structure highlights a bullish engulfing pattern, where the current candle's high exceeds prior resistance, and the close near the upper end of…

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