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XAU/USD:Post-Rally Retracement Holding Key Support for Bullish ?

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Key Observations:
Prior Bullish Momentum: The price experienced a significant, sharp uptrend leading up to the current area of consolidation/correction.

Support Zone: The price has recently dropped into and bounced from a highlighted Support zone, approximately between $4,100 and $4,115. This zone aligns with a previous resistance level that was broken, often serving as new support ("S/R flip").

Correction and Bounce: The move into the support zone looks like a correction or retracement of the strong previous rally. The bounce from this area indicates buyers stepping in, confirming the support.

Forecast (Projected Move): The green arrow and accompanying line suggest a bullish continuation trade setup. The expectation is that the price will move up from the support area to test the recent high, labeled as the Target at approximately $4,140.
עסקה פעילה
עסקה סגורה: היעד הושג
Trade setup performed as planned. Currently up over 300 pips and maintaining strong momentum.


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