XAUUSD – $4000 The Magnet 🧲✨

[theSignalyst]

Gold has been pushing higher within its bullish log-chart structure, moving inside two rising channels (red short-term and blue long-term).

The interesting part? The $4000 level is acting like a magnet, and it happens to intersect with the upper bound of both channels. This rare confluence makes $4000 a key level to watch.

As long as the bullish momentum holds, Gold remains on track toward this magnet level. But once there, the reaction will be critical — a clean breakout could open the door for fresh highs, while a rejection may trigger a correction before continuation.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.