Gold (XAUUSD) continues to show a bullish structure on the 4H chart after breaking above the 4,440 POI and reclaiming the descending trendline.
The breakout was accompanied by strong bullish displacement, with price moving from the 4,360 support area toward 4,520.
Key levels I’m watching:
- 4,440 — Breakout/POI and important support
- 4,440–4,360 — FVG + demand zone
- 4,520 — First major upside target
- 4,360 — Key support/invalidation
I’m not looking to chase the current move. Instead, I’m watching for a possible retracement into the 4,440–4,360 zone.
If price reacts positively from this area and gives bullish confirmation, continuation toward 4,520 and potentially higher could be the next scenario.
On the other hand, a strong bearish break below 4,360 would weaken the current bullish structure.
What do you think — will XAUUSD retest the 4,440 area before continuing higher, or will buyers push directly toward 4,520?
Technical analysis for discussion purposes only.
The breakout was accompanied by strong bullish displacement, with price moving from the 4,360 support area toward 4,520.
Key levels I’m watching:
- 4,440 — Breakout/POI and important support
- 4,440–4,360 — FVG + demand zone
- 4,520 — First major upside target
- 4,360 — Key support/invalidation
I’m not looking to chase the current move. Instead, I’m watching for a possible retracement into the 4,440–4,360 zone.
If price reacts positively from this area and gives bullish confirmation, continuation toward 4,520 and potentially higher could be the next scenario.
On the other hand, a strong bearish break below 4,360 would weaken the current bullish structure.
What do you think — will XAUUSD retest the 4,440 area before continuing higher, or will buyers push directly toward 4,520?
Technical analysis for discussion purposes only.