XAUUSD: Bullish Push to 4650?XAU/USD SpotFX:XAUUSDMaster_HunterAs the previous analysis worked exactly as predicted, XAUUSD is eyeing a bullish continuation on the 4-hour chart, with price bouncing within an upward channel after recent higher lows, converging with a potential entry zone near support that could fuel upside momentum if buyers hold against short-term pullbacks. This setup suggests a rally opportunity amid the ongoing uptrend, targeting higher resistance levels with overall risk-reward exceeding 1:4.🔥 Entry between 4300–4320 for a long position. Targets at 4520 (first), 4650 (second). Set a stop loss at a daily close below 4250, yielding a risk-reward ratio of more than 1:4 in total. Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging gold's momentum in the channel.🌟 Fundamentally, gold is trading around $4,331 in late December 2025, with a quiet week ahead for the US Dollar due to the New Year transition, but key releases could still influence sentiment. On Monday, December 29 at 8:30 AM ET, Advance Goods Trade Balance (Oct) may pressure USD if the deficit widens, signaling weaker exports. Wednesday, December 31 at 8:30 AM ET brings Initial Jobless Claims (Dec 27), where higher claims could weaken USD amid labor concerns. Thursday, January 1 is a New Year's Day holiday, leading to thin liquidity and potential volatility. Overall, softer US data could favor gold's upside in a low-volume environment. 💡 📝 Trade Setup 🎯 Entry (Long): 4300 – 4320 (Entry within this zone is valid with proper risk & capital management.) 🎯 Targets: • 4520 (First target) • 4650 (Second target) ❌ Stop Loss: • Daily close below 4250 ⚖️ Risk-to-Reward: • > 1:4 overall 💡 Your view? Does XAUUSD reject the 0.618 extension and slide toward 4375 — or do buyers force a breakout above the channel? 👇