XAUUSD H4: Bullish outlook seen, further upside above 1864.00

On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs seen and a throwback to the support zone at 1864.00, which coincides with the 100% Fibonacci extension and 50% Fibonacci retracement could present an opportunity to play the bounce to the resistance zone at 1957.00. Prices are holding above the 20 EMA and MACD is showing bullish momentum, supporting the bullish bias.