XAUUSD – Multiple Breakouts Leading to Potential Pullback

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Gold (XAUUSD) on the 30-minute timeframe shows a clear structure shift with multiple Break of Structure (BOS) confirmations followed by consolidation and continuation moves.

Initially, price formed a bullish BOS, then entered a descending channel, indicating a temporary correction. After breaking out of this channel, the market moved into a range zone, building liquidity before the next impulsive move.

A strong breakout from the range led to further upside, forming an ascending channel. Price respected this structure until a final breakout above resistance, grabbing liquidity from previous highs.

Currently, after this breakout, price is showing signs of rejection, suggesting a possible short-term pullback toward the marked target zone around 4504.

🔍 Key Points:
Multiple BOS confirm bullish market structure
Range accumulation before impulsive breakout
Channel formations guiding price movement
Liquidity grab above highs followed by rejection
🎯 Outlook:

Price may retrace toward the target level (4504) before deciding the next directional move. Watch for confirmation signals in this zone for potential continuation or deeper correction.

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