XAUUSD | Bullish Breakout with Upside Potential
Gold OANDA:XAUUSD
The price has broken above the descending channel and is now retesting the breakout area as support. As long as the price holds above this level, I expect the bullish momentum to continue toward the marked resistance zone.
Entry: Current price or after a confirmed retest.
Stop Loss: Below the highlighted support area.
Target: 4839.89.
This setup is based on market structure, channel breakout, and support/resistance analysis. Always wait for confirmation and apply proper risk management.