XAUUSD Bullish Retest Setup | Buy Support, Target 4140GoldOANDA:XAUUSDGold_Market_MindXAUUSD (Gold) 15M Technical Analysis – Bullish Continuation Setup Gold is consolidating inside a short-term range after breaking out of a rising channel, suggesting the market is absorbing recent gains before the next directional move. Price is holding above the marked support zone around 4062, where buyers have repeatedly defended the area. This increases the probability of another bullish leg if support remains intact. Bullish Scenario Entry Zone: Around 4062.0 (support/retest area) Stop Loss: 4045.2 (below the demand zone) Target: 4140.3 Risk-to-Reward: Approximately 1:4.5, offering a favorable setup if buyers maintain control. Technical Observations Price is forming a consolidation box after an impulsive bullish move. Support near 4062 aligns with the previous breakout/retest level. Higher lows remain intact, indicating buyers are still active. A strong bullish candle from support would provide confirmation for continuation toward 4140. Invalidation A decisive 15-minute close below 4045 would invalidate the bullish setup and could expose Gold to a deeper correction before any renewed upside. Educational Note: Wait for confirmation such as a bullish rejection candle or increased buying volume at support before entering. Avoid entering during low-momentum consolidation without confirmation.