XAUUSD 2H – Bullish Continuation Toward 5,675

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Key Zones on the Chart
🔹 Support Zone (Buy-on-Dip Area)

5,188 – 5,200

This zone aligns with:

Channel mid-lower area

Previous breakout structure

As long as price holds above this support, bulls stay in control.

🔹 Current Consolidation

Price is ranging just above support → accumulation / pause before next move.

This sideways action is healthy after a strong impulsive push.

🎯 Upside Targets

Primary Target: 5,466

Extended Target: 5,675 – 5,692

These levels match:

Channel top projection

Measured move (~226 points ≈ +4.15%)

🧠 Trading Bias

Bias: Bullish continuation

Best Strategy:

Buy on pullbacks near support

OR wait for confirmation breakout above consolidation

⚠️ Invalidation

A clean 2H close below 5,180 would weaken the bullish setup and suggest deeper correction.

🔍 Summary

✔ Strong bullish channel
✔ Healthy pullback & consolidation
✔ Clear support respected
✔ Upside targets well-defined

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