$XAUT

‌The market structure has recently shifted from a bearish downtrend to a potential bullish reversal; after a steep drop from the 4,130.0 high down to a low of 4,004.8, the price has established a higher low and is now breaking above the short-term moving average resistance, indicating that sellers are losing momentum and buyers are stepping back in.

The K-line analysis reveals that the price is currently testing the middle Bollinger Band (MB: 4,032.9) and has pushed up to 4,048.9, trading above the short-term MA5 (4,040.35) and MA10 (4,051.63); the recent candles show a series of green bodies with small wicks, suggesting a steady accumulation phase near the lower band, though the overall trend remains capped by the upper Bollinger Band at 4,061.0.

The chart displays a "Morning Star" style reversal pattern followed by consecutive bullish continuation candles; specifically, the recent price action shows a "Three White Soldiers"-like setup where each successive green candle closes higher than the previous one, briefly touching the pattern of a "Bullish Harami" near the 4,004.8 support level, which confirms the shift in sentiment.

I predict that XAUT will attempt to retest the immediate resistance at the middle Bollinger Band (4,032.9) and potentially push toward the 4,061.0 upper band, provided it holds above the 4,040 support zone; however, if it fails to break the MA10 resistance at 4,051.63, we could see a rejection back down to the 4,010 range.

I am following a long (buy) scalp plan because the MACD histogram is showing decreasing bearish momentum (approaching a bullish crossover) and the price has bounced firmly off the 4,004.8 swing low, indicating that the immediate downside risk is limited and a short-term relief rally is likely.

I will start my trade once the 1-hour candle closes firmly above the MA10 level (4,051.63) and the MACD line crosses above the signal line, confirming the bullish momentum; alternatively, I will enter a long position on a slight pullback to the 4,035-4,040 range if it holds as support.

The final verdict is cautiously bullish; while the short-term structure favors a bounce, the broader context of the chart (having just fallen from 4,130) means this is a counter-trend trade, so I will use a tight stop-loss below the recent low of 4,004.8 and take profit near the 4,060 resistance level.