FOREX GURU

XAU/USD on the 4H chart is currently trading within a consolidation zone after breaking out of a descending trendline. Price is holding above the 200 EMA, indicating bullish structure remains intact. The recent breakout and sustained position above the key horizontal support suggest buyers are defending this level. If price sustains above the descending trendline and the immediate resistance zone, bullish continuation toward previous highs is likely. However, failure to break above this resistance may lead to short-term range-bound behavior or a pullback to support.

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GBPCHF BUY 1.07861
SL 1.07157
TP 1.09870

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