Gold Spot / U.S. Dollar (XAUUSD) – 15-Minute Bullish ContinuatioGOLD / U.S. DOLLARFX_IDC:XAUUSDMoriss365Overall Market Structure Trend: Clear bullish trend. Price is moving inside an ascending channel, making higher highs and higher lows. Momentum remains positive as long as price holds above the channel support and demand zone. 📈 Key Technical Elements 1️⃣ Ascending Channel Price respected the lower trendline multiple times → strong dynamic support. Recent candles are consolidating near the upper half of the channel, which is bullish. No confirmed breakdown yet. 2️⃣ Demand Zone (Red Area) Located roughly around 4,485 – 4,505. This zone acted as: Previous consolidation Strong bullish reaction area A pullback into this zone would be considered a healthy retracement, not trend reversal. 3️⃣ Current Price Action Price is currently around 4,532. Consolidation after an impulsive move up → bullish continuation pattern. Small flag/triangle structure suggests potential breakout to the upside. 🎯 Trade Projection (Based on Chart Markings) ✅ Bullish Scenario (Primary Bias) Entry area: Pullback toward 4,505 – 4,495 Target: 4,560 – 4,565 (Target Point marked) Stop-loss: Below 4,465 (below demand + channel support) This offers a favorable risk-to-reward setup. ⚠️ Bearish / Invalid Scenario If price breaks and closes below ~4,465: Demand zone fails Ascending channel breaks Bias shifts to short-term bearish Possible downside toward 4,430 – 4,400 🧠 Summary 📊 Trend: Bullish 🟢 Bias: Buy on pullbacks 🔑 Key Support: 4,505 → 4,485 🎯 Upside Target: ~4,560 ❌ Invalidation: Below 4,465