Gold Rounding Bottom Breakout Signals Further Upside To 4,450$
Hello traders! Here’s my technical outlook based on the current XAUUSD (4H) chart structure. XAUUSD previously traded inside a broad range before breaking below the 4,450 Support Level and moving lower. After forming a rounding bottom, price broke above the descending trendline, signaling a bullish shift. Currently, XAUUSD is trading above the 4,300 Buyer Zone while approaching the 4,450 Seller Zone. The recent breakout and strong upward move suggest that buyers remain in control. As long as XAUUSD holds above the 4,300 Buyer Zone, the bullish scenario remains valid. A successful retest of support could push price toward the 4,450 Seller Zone (TP1). However, a breakdown below 4,300 would weaken the bullish outlook. Please share this idea with your friends and click "Boost" 🚀
