XAUUSD / GOLD – 4H Bullish Breakout Setup GoldOANDA:XAUUSDFrankAgboGold is respecting the ascending trendline beautifully and continues to print higher lows on the 4H timeframe. After reclaiming the key support zone around **4645–4655**, buyers stepped back in aggressively, showing strong bullish momentum. The current structure suggests a possible continuation toward the next major resistance near **4875–4880** if momentum holds. ### 🔍 Technical Breakdown * **Trend:** Bullish continuation * **Timeframe:** 4H * **Structure:** Higher lows + trendline support * **Key Support Zone:** 4645 – 4655 * **Invalidation:** Below 4495 * **Target Area:** 4875 – 4880 The recent pullback into trendline support acted as a healthy retest rather than a reversal. Price quickly recovered, indicating buyers are defending the structure. ### 📊 What Makes This Setup Interesting? ✅ Strong ascending trendline ✅ Bullish market structure intact ✅ Clean risk-to-reward opportunity ✅ Momentum candles forming after support retest ✅ Potential breakout continuation toward previous highs ### 🧠 Trade Idea **Entry Zone:** Current market / minor pullback **Stop Loss:** Below 4495 **Take Profit:** 4875 – 4880 Risk management remains key — wait for candle confirmation and avoid chasing extended moves. ### 👀 What to Watch Next If price breaks and closes above the recent local highs, momentum could accelerate quickly toward the target zone. However, losing the trendline support may trigger deeper retracement pressure. **Bias remains bullish while above 4645.** #XAUUSD #Gold #Forex #TradingView #PriceAction #GoldAnalysis #TechnicalAnalysis #ForexTrading #Bullish #TradingSetup #SmartMoney #DayTrading #SwingTrading