XAU/USD: Retest of 4,150 Holds as Bulls Eye Channel ExtensionXAU/USD is reclaiming ground above the broken range, retesting the 4,150 zone while maintaining bullish momentum from the recent breakout. Price is forming higher lows along the upward trendline, beneath the descending resistance line.
A sustained move above 4,150 keeps the path open toward 4,285, as long as buyers defend the retest. Momentum remains bullish, with potential for further extension into the upper resistance zone.
❗️ Risks:
– H4 close below 4,150 weakens the setup.
– Strong USD data may trigger a pullback.
– Rejection from the descending trendline could stall momentum.
