$XAU / USD | 1H – Strong Bullish Trend Continuation
After consolidating the above demand, price expanded aggressively and continued to respect the trendline support on pullbacks. The recent shallow retracement followed by renewed buying pressure indicates trend continuation rather than exhaustion. As long as structure and trendline support hold, upside liquidity remains the primary objective.
Key Scenarios for $XAU
✅ Bullish Case 🚀 → Continuation above trend support toward external highs.
🎯 Target 1: 5050
🎯 Target 2: 5120
❌ Bearish Case 📉 → A decisive break and close below the rising trendline would invalidate the bullish continuation and signal a deeper correction.
Current Levels to Watch
Resistance 🔴: 5000 – 5120
Support 🟢: 4900 – 4800
