GOLD Potential Channel Retest. Long From Support

[cryptohog]

XAUUSD
is climbing back above the broken range structure and retested the 4,150 zone while maintaining bullish pressure from the recent breakout. The chart shows price riding along the upward trendline and forming a higher-low structure beneath the descending trendline. A clean hold above 4,150 keeps the path open for continuation toward channel border at 4,285 as long as buyers defend the retest. Overall, momentum leans bullish with a projected extension into the resistance zone.

️ Risks:
A H4 close back below 4,150 would weaken the bullish continuation setup.
Strong USD data this week could trigger a deeper corrective pullback.
A rejection from the descending red trendline may stall upside momentum and force consolidation.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

[Rimon Khan]

Strong support reaction — textbook bounce setup for gold. 🟡

[EmTeam]

Need to see a higher low confirmation for a safer long entry.