Outlook on XAUUSD: Pullback presents an opportunity to buy

On the H4 time frame, prices are showing bullish order flow with the break of its previous H4 high. On the M30 time frame, a pullback to the demand zone at 1803.89, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the bounce to the next resistance target at 1812.39. Ichimoku cloud and 30 EMA are showing signs of bullish pressure as well.