Bullish Logic (Core Support for Gains)

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Bullish Logic (Core Support for Gains)Gold vs US DollarPEPPERSTONE:XAUUSDAvaTaylor📈 **Bullish Logic (Core Support for Gains)** The technical bullish structure remains intact, with strong rebound momentum following a short-term pullback. On daily and weekly timeframes, gold’s medium-to-long-term bullish trend is well preserved: the 5-day and 10-day moving averages maintain upward slope, and three consecutive weekly gains solidify bullish dominance. This week’s retreat after testing $4801 represents a normal technical correction amid a strong rally — a healthy adjustment driven by profit-taking, rather than a trend reversal. On the 4-hour chart, gold found solid footing and bounced after testing the $4720–$4730 support zone, with visible buying interest confirming effective near-term support. If the key $4720 support holds next week, bullish momentum will resume, with a likely retest of the $4780–$4800 resistance zone. A convincing breakout would unlock further upside potential. 🔔 I will release my official trading strategy once the market reopens next week.