Selena | XAUUSD · 2H – Bullish Channel With Range ReAccumulation
XAUUSD XAUUSD 
Market Overview
Following a strong bounce from the lower channel support, XAUUSD pushed aggressively higher and is now compressing just below the higher-timeframe resistance zone around 4690–4700. This type of consolidation within a bullish channel often precedes continuation, provided price holds above channel support and range demand.
Key Scenarios
✅ Bullish Case 🚀 → As long as price holds above 4575–4590 demand:
🎯 Target 1: 4700
🎯 Target 2: 4800
🎯 Target 3: 4850
❌ Bearish Case 📉 → Failure to hold 4575 may trigger a deeper pullback toward:
🎯 4498 → 4399 (channel correction zone)
Current Levels to Watch
Resistance 🔴: 4690 – 4700 – 4800
Support 🟢: 4590 – 4575 – 4498
⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice.
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