XAUUSD 45M – Retest of Resistance with Bullish Structure Intact

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XAUUSD 45M – Retest of Resistance with Bullish Structure IntactGoldOANDA:XAUUSDDrForexPhd1️⃣ Overall Structure: Bullish Price shows a clear series of higher highs and higher lows, confirming bullish momentum. Strong impulsive move from the marked bullish demand zone (~4,990). Momentum accelerated into the current resistance area. 🔵 Bullish Area (Demand Zone ~4,990) Previously acted as a consolidation base. Buyers stepped in aggressively from this level. As long as price stays above this zone, the bullish bias remains valid. 🔴 Resistance Level (~5,170 – 5,180) Marked rejection at resistance. Price is currently consolidating just below this key supply area. This level is acting as short-term decision point. 🎯 TP 50% – 5,177.9 Area Partial take-profit zone marked. Logical reaction level due to previous rejection. A confirmed breakout above this resistance could open the way toward: 5,200 5,240 (next visible liquidity zone) 📌 Possible Scenarios ✅ Bullish Continuation Break and close above 5,180. Retest holds as support. Continuation toward 5,200+. ⚠️ Short-Term Pullback Failure to break resistance. Pullback toward: 5,120 (minor support) 5,050–5,000 4,990 major bullish zone