Bullish Continuation Setup After Support Retest – XAU/USD (45M)Gold vs US DollarPEPPERSTONE:XAUUSDVIPFOREXCRYPTOFREESIGNALS 🔍 Market Structure Price action shows a shift from a previously choppy range into a sequence of higher highs and higher lows, confirming bullish momentum. The recent impulsive leg indicates strong buying pressure, likely driven by institutional participation. 🟩 Support Zone (Demand Area) The highlighted support zone around 4,630 – 4,650 acts as a key demand area. This level previously served as resistance and has now flipped into support — a classic break-and-retest structure. This zone is likely to attract buyers again A retracement into this area provides a high-probability entry opportunity 🟥 Resistance Zone (Supply Area) The resistance around 4,780 – 4,800 is the next key liquidity target. This zone aligns with prior price inefficiencies Likely contains resting sell orders and liquidity pools Acts as a short-term upside target 🎯 Trade Idea Entry: On pullback into the support zone (4,630 – 4,650) Confirmation: Bullish rejection (e.g., pin bar, engulfing candle, or strong momentum shift) Target: 4,780 – 4,800 resistance zone Bias: Bullish continuation ⚠️ Risk Consideration If price breaks and holds below the support zone, the bullish structure may weaken, potentially leading to a deeper correction. 🧠 Conclusion The overall structure supports a buy-on-dips strategy, with the market likely to continue its upward trajectory after a healthy retracement. Patience for confirmation at the support zone will be key for optimal risk-to-reward positioning.