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Selena | XAUUSD – 4H –Bullish Structure with Corrective Pullback

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XAUUSD XAUUSD
The recent sell-off appears corrective rather than a trend reversal. Price is reacting around a key demand zone within the rising channel, suggesting buyers may step back in if structure support holds. Momentum remains bullish unless price breaks and accepts below channel support.

Key Scenarios
✅ Bullish Case 🚀 →
Sustained support above 5,000 – 4,950 keeps bullish continuation intact.
🎯 Target 1: 5,600
🎯 Target 2: 5,750 – 5,800

❌ Bearish Case 📉 →
A clean breakdown and acceptance below 4,950 could open deeper correction toward 4,540.

Current Levels to Watch
Resistance 🔴: 5,580 – 5,600
Support 🟢: 5,000 – 4,950, then 4,540

⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice.
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