XAUUSD 4295 broke — 4475 is the next bait

That weekly close is not quiet anymore.

Gold spent the week pretending it was still stuck. Early on, price was chopping around 4,050 - 4,080, buyers looked unsure, sellers kept trying to fade every bounce.

Then the trap showed up.

Price held the lower structure, built from the 4,025 base, reclaimed 4,146, then ripped straight through 4,295. That level was the real gate. Once gold cleared it, late shorts had a problem.

Now price is sitting around 4,341, and yeah, momentum is clearly bullish. Not perfect. Not clean. But strong enough that I’m not trying to short this just because it “looks high”.

Main bias stays bullish while gold holds above 4,295.

The next liquidity draw is 4,359 first. Above that, 4,421 is the clean magnet. If buyers keep pressing, 4,475 and 4,504 are sitting higher like unfinished business.

But the big danger zone is the OB premium zone around 4,550 - 4,575. That is not a place to blindly chase. That is where I expect a serious reaction if price gets there.

Trading scenario:

Buy idea only if gold holds above 4,295 and gives a clean continuation setup.

Entry zone: 4,295 - 4,341 after confirmation
Stop loss: below 4,213
TP1: 4,359
TP2: 4,421
TP3: 4,475
Final target: 4,550 - 4,575

No hold above 4,295, no chase. Simple.

If gold closes hard below 4,213, this bullish continuation idea gets messy. Then the breakout starts looking like a trap.

For now, I’m reading this as weekly breakout first, premium liquidity next.

You think gold tags 4,475 before sellers wake up?