XAUUSD: Expecting ContinuationGoldOANDA:XAUUSDLouisee_Let’s take a closer look at the market structure of XAUUSD on the H1 timeframe. Price is clearly moving inside a well-defined ascending channel. Higher lows continue to form, and each new high extends further than the previous one. This is not a random rally — it is a structured move supported by consistent order flow. What matters even more is how price reacts to previously broken levels. After breaking above the 5,100 – 5,120 zone, price did not accelerate straight upward. Instead, it pulled back to retest that area. This created a smaller breakout and retest formation within the broader ascending channel. And what happened next? The former resistance held firmly as new support. No false breakout. No dominant selling pressure. When a level is defended this way, buyer confidence increases. That strength was confirmed by strong bullish candles following the completed retest. Currently, price is trading in the upper half of the channel. This suggests bullish momentum remains intact, although a minor technical pullback could occur before the next expansion. 📌 Preferred Scenario As long as price holds above the 5,100 – 5,120 zone and does not break below the lower boundary of the ascending channel, the structure remains valid. From here, the natural target becomes the upper boundary of the channel, located around 5,360 – 5,400. The 5,400 level is not only a technical boundary. It is also a major psychological round number where liquidity tends to concentrate. ⚠ What Could Invalidate This View? Only a clear candle close below the lower boundary of the channel and a confirmed loss of the 5,100 area would force a structural reassessment. Until that happens, any decline should be treated as a pullback within an ongoing uptrend. 🎯 Conclusion • Primary trend: Bullish • Structure: Clear ascending channel • Setup: Valid breakout & retest • Target: 5,360 → 5,400 Markets do not rise forever. But right now, XAUUSD is doing exactly what a healthy uptrend is supposed to do.