XAUUSD Bullish Channel Continuation Toward 5,110

Feb 10

Market Structure

Strong impulsive recovery from the 4,600s zone.

Higher highs + higher lows forming inside the rising channel.

Price currently consolidating near the upper-mid section of the channel around 5,015.

That consolidation box you marked? That’s a classic bullish continuation base if buyers defend it.

📈 Bullish Scenario

Entry zone: ~5,010–5,020 (demand inside channel support)

Stop loss: Below 4,963 (below recent swing low & channel support)

Target: 5,110–5,120 (channel resistance + projected measured move)

If price holds above 5,000 psychologically and continues forming higher lows on lower timeframes, this breakout toward 5,110 is very realistic.

The measured move (≈116 points) aligns nicely with the upper boundary — confluence is strong here.

⚠️ Risk Factor

If price breaks and closes below:

4,990 short-term structure weakens

4,963 invalidates the bullish setup completely
Then we could see a deeper pullback toward mid-channel or even lower boundary.

💡 Overall Bias

Bias remains bullish while inside the ascending channel.
This is a continuation setup, not a reversal play.

Feb 11

Trade active