Key Market Structure
✅ Bullish CHOCH confirmed, indicating a shift from bearish to bullish momentum.
✅ Price successfully broke above the recent supply/resistance zone around 4,150–4,170, converting it into potential support.
✅ The sharp bullish impulse suggests institutional buying strength.
Current Price Action
Gold is currently trading near 4,247 after a healthy pullback from the recent high.
The current retracement appears to be a normal correction rather than a reversal.
As long as price remains above the recent breakout area, the bullish trend remains intact.
Important Levels

Support

4,150–4,170 (Breakout & Demand Zone)
4,000–4,020 (Major demand / strong low)

Resistance

4,360–4,380 (First Target)
4,470–4,510 (Major Supply Zone)
4,560–4,600 (Final Bullish Target)
Trading Scenario

Bullish Scenario (Preferred)

Wait for bullish confirmation after the pullback.
Holding above 4,150 could trigger another upward leg.
Target 1: 4,360–4,380
Target 2: 4,470–4,510
Final Target: 4,560–4,600

Bearish Risk

A sustained break below 4,150 would weaken the bullish outlook.
A move below 4,000 would invalidate the current bullish structure and increase the probability of a deeper correction.
Conclusion

Gold remains bullish on the 4H timeframe. The recent breakout and CHOCH indicate buyers have regained control, and the current pullback looks like a retest before another potential rally. If support around 4,150–4,170 holds, the market has room to advance toward 4,380, followed by 4,500, with 4,600 as the extended bullish objective.