XAUUSD formed a higher bottom after its recent pullback and is now approaching the 4,170 resistance level. Buyers continue to defend key support areas, indicating that bullish momentum is strengthening while the previous bearish structure is gradually losing control.

Trading plan:
Entry: Look for buying opportunities if the price pulls back to the rising trend line or to the nearest support area and forms a bullish confirmation signal. As long as the upper and lower structure remains intact, the first upside target is 4,170. A confirmed break above this level may open the way for a move towards the 4300 level.

Revocation:
The bullish outlook will no longer be valid if XAUUSD breaks below the uptrend line and the H4 candle closes below the recent higher low, confirming that the bullish market structure has been invalidated and sellers have regained control.

Source link