XAUUSD – 4H | Bullish Continuation Setup
Price is forming a higher low structure after a corrective move, indicating buyers are regaining control. Current price is holding above key short-term support around 5,000, showing strong demand zone.
Momentum is shifting bullish as price pushes higher with consecutive bullish candles, suggesting trend continuation rather than a reversal. The recent consolidation acts as a base before expansion.
Risk-to-reward remains favorable with upside potential toward 5,700 – 5,800 area, while downside is protected above the prior swing low.
Bias: BUY continuation
As long as price holds above support, bulls are in control.
Price is forming a higher low structure after a corrective move, indicating buyers are regaining control. Current price is holding above key short-term support around 5,000, showing strong demand zone.
Momentum is shifting bullish as price pushes higher with consecutive bullish candles, suggesting trend continuation rather than a reversal. The recent consolidation acts as a base before expansion.
Risk-to-reward remains favorable with upside potential toward 5,700 – 5,800 area, while downside is protected above the prior swing low.
Bias: BUY continuation
As long as price holds above support, bulls are in control.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.