Gold Spot (XAUUSD) – Bullish Continuation Toward 4,530 Target (1GOLD / U.S. DOLLARFX_IDC:XAUUSDMoriss365Market Structure Overall bias: Bullish continuation Price has transitioned from range → impulsive move → consolidation Current structure shows a bullish ascending channel after a strong breakout from the red demand zone. 🟥 *Key Support (Demand Zone) * Red zone (~4,470 – 4,490) This zone acted as accumulation + base. Strong bullish reaction confirms institutional buying interest. As long as price holds above this zone, bullish bias remains valid. 📈 Trend & Channel Price is moving inside an ascending parallel channel: Higher highs & higher lows ✔ Respecting channel support ✔ The recent pullback appears to be a healthy retracement, not a trend reversal. 🔄 Current Price Action Price has: Rejected the upper channel resistance Pulled back toward mid / lower channel support The drawn arrow suggests: Potential dip → continuation higher This aligns with classic bull flag / rising channel continuation behavior 🎯 Target & Projection Upside target: ~4,530 – 4,535 Confluence of: Channel expansion Measured move projection Previous liquidity highs If momentum increases, a clean breakout above channel could accelerate price further. ❌ Invalidation / Risk Bullish setup weakens if: Price breaks and closes below the red demand zone Or forms lower highs + strong bearish impulse 📌 Trading Insight (Not Financial Advice) Bullish scenario: Buy on pullback near channel support with confirmation Bearish scenario: Only valid if price accepts below demand zone