XAUUSD on the 4H chart is showing strong bullish momentum. Price broke and closed above a major resistance zone, turning it into support. The retest was clean and respected, followed by a bullish candlestick confirmation, signaling strong buyer presence. Volume also supports the breakout, indicating institutional interest in the move.
Gold is holding above 3500 with higher highs and higher lows, confirming a bullish market structure. As long as price remains above the breakout level and maintains bullish candles, continuation to the upside remains favored. Any pullback toward the new support levels is likely to attract more buyers, keeping the trend intact.
Gold is holding above 3500 with higher highs and higher lows, confirming a bullish market structure. As long as price remains above the breakout level and maintains bullish candles, continuation to the upside remains favored. Any pullback toward the new support levels is likely to attract more buyers, keeping the trend intact.
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