Gold is knocking on 5K - Will $4651 open its doors ???XAU/USD Spot - GoldFX:XAUUSDFX_Scrubbs🟡 Hello Goldies — Gold has decisively broken above the weekly mitigation block, reinforcing its bullish momentum after reclaiming the 4,500–4,550 region. Weekly and daily structures remain firmly constructive, while H4 and H1 continue to support further upside. However, with price now approaching the 4,651 resistance, a healthy pullback and retest may offer a higher-probability opportunity than chasing the current move. 📈 A clean break above 4,651 could accelerate the move toward 4,750, followed by the major 4,890–5,000 Weekly FVG. 🎯 Key levels: 🟢 4,550–4,575 — Demand 🟢 4,450–4,490 — Deeper support 🔴 4,651 — Breakout level 🚀 4,750 — Target 🔥 4,890–5,000 — Major upside target 🎯 The Critical Level Now: 4,651 This is where I’d be paying close attention. Gold has already delivered a significant bullish move, but bullish doesn’t mean “buy at any price.” At 4,651, the market reaches a key decision point. Two higher-probability scenarios stand out: 🟢 Bullish Continuation 4,651 breaks → retest holds → 4,750 → 4,890 → 5,000 A clean breakout followed by a successful retest would confirm that buyers remain firmly in control. 🟡 Healthy Retracement 4,651 rejection → 4,550–4,575 retest → buyers step in → continuation A pullback into this zone could offer a much cleaner risk-to-reward setup than chasing the breakout. 🔴 Structural Warning Sustained loss of 4,450 → bullish momentum begins to lose credibility. ⚠️ Best approach: wait for the pullback or breakout/retest rather than chasing price at resistance. Lets Deep Dive : 📅 Weekly — Bullish Repricing Gold has made a strong recovery from the ~3950–4000 region and is now around 4603. Weekly structure has shifted aggressively higher, with price reclaiming the 4545–4550 area. Momentum is improving, with the weekly histogram turning positive. The major upside draw is the Weekly FVG around 4890–5000. A sustained break above 4890 opens the path toward the 5000 psychological level. Key weekly levels: 🟢 4545–4550 support 🟢 4400–4430 deeper demand 🔴 4651 immediate resistance 🎯 4890–5000 Weekly FVG 🐻 4026 major structural support 📆 Daily — Bullish Bias The current structure suggests a bullish continuation phase following the recovery from the 4000 area. Buyers remain in control while price holds above 4500–4550. A daily close above 4651 would strengthen the continuation setup. Failure to hold 4500 could trigger a deeper retracement toward 4450–4475 before another attempt higher. Daily bias: 🟢 Bullish above 4500–4550. ⏰ 4H — Bullish Continuation Strong impulsive buying has pushed price through previous resistance. The 4550–4575 region is now the first meaningful pullback zone. Deeper demand sits around 4450–4490. The trend remains bullish unless price starts breaking these demand zones with bearish structure. 4H roadmap: 4550–4575 → 4651 → 4750 → 4890 ⚡ 1H — Bullish, But Extended Price is currently around 4608, just below 4651 resistance. The cleanest setup is not to chase the current candle. Watch for: 🟢 Pullback to 4550–4575 → bullish reaction → 4651 🟢 Deeper pullback to 4450–4490 → bullish reaction → 4651/4750 🚀 Break & retest 4651 → continuation toward 4750 → 4890 If 4450 is decisively lost, the short-term bullish structure weakens considerably. 🎯 Overall Game Plan Bullish above 4550. Break 4651 → 4750 → 4890–5000. 🚀 ⚠️ Bearish invalidation: Sustained loss of 4450 would weaken the bullish structure and expose lower support. The biggest opportunity may come from buying the retracement rather than chasing the breakout. Don't sell the initial breakdown blindly — wait for the retest. For now, 4,651 is the battlefield. Let price show its hand before taking the trade. 📚 For Educational Purposes Only. This is not a financial advise. ⚠️ Not financial advice — always manage your risk and trade responsibly.