XAU/USD - Bulls Eye Higher, Uptrend Structure

Aug 24

Good day Traders, Would you chase XAUUSD above 4,640 or wait for the market to come back?

XAUUSD remains in a strong H2 uptrend. After the earlier consolidation, price broke higher with conviction and is still holding comfortably above the Ichimoku Cloud.

The move is healthy, but at current levels I’m more interested in the next pullback than another impulsive entry.

The zone I’m watching is 4,510–4,575. If Gold rotates back into this area and buyers defend it, the bullish structure remains intact and I would continue to look toward:

🎯 Target: 4,750

What stands out here is the rhythm of the move: impulse → consolidation → breakout → expansion. As long as the next correction stays controlled, there is no strong technical reason yet to fight the trend.

I would start questioning the setup if H2 begins accepting price below 4,510, especially if price also loses the Ichimoku support underneath.

AURICVERSE View: the trend is already clear. The better trade is not proving that Gold can rise — it is waiting to see whether buyers are willing to defend the next reset. If 4,510–4,575 holds, 4,750 remains the level on my radar.

How are you reading this structure? Share your view below.

Aug 25

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