XAUUSD Bullish Channel Breakout – Buy Retest Toward 5300+GoldOANDA:XAUUSDGold_Market_MindMarket Structure Price is forming higher highs and higher lows, confirming a valid uptrend. The ascending channel is respected, and price is currently near the upper boundary. Recent breakout above minor resistance shows momentum continuation strength. The marked support zone around 5247–5238 is acting as a key demand area. 🟢 Entry & Risk Plan Entry zone: 5247 – 5250 (support retest area) Stop loss: Below 5226 (below structure and channel support) This keeps the setup protected against fake breakdowns. 🎯 Target Levels TP1: 5285 (recent resistance retest) TP2: 5302 (major resistance level) TP3: 5320+ (channel upper expansion target) ⚠️ Key Confirmation Signals Bullish continuation likely if price holds above 5247 support Break and hold above 5285 will accelerate momentum toward 5300+ Breakdown below 5226 would invalidate bullish bias 📊 Summary Trend: Bullish Structure: Ascending channel continuation Bias: Buy on pullbacks Probability: High while above 5247 If