XAUUSD: Bullish Continuation via Demand Zones | Target $4,370+
🚀 Market Context & Technical Overview
Gold (XAUUSD) on the 4-Hour (4H) chart has demonstrated a strong bullish structural shift following a prolonged consolidation/reversal phase (Inverse Head & Shoulders setup).
Market Structure Shift (MSS) & BOS: Price recently completed a decisive Break of Structure (BOS) above the key swing high near $4,120, surging impulsively into new highs past $4,320.
Current Action: Price is pressing higher toward our immediate target zone around $4,370 - $4,380
📈 Trade Setup & Key Levels
Immediate Bullish Momentum:
Target: ~$4,370.00
If buying pressure remains intense, price may push directly to complete the primary target.
Pullback / Re-entry Scenarios (Order Block / Demand Zones):
Should the price experience a retracement/correction from current levels, we are monitoring two key demand zones for long opportunities:
H1-Demand Zone: ~$4,270 - $4,290
H4-Demand Zone: ~$4,230 - $4,260
A drop into either of these interest zones offers a favorable risk-to-reward ratio (RRR) for another leg up toward the $4,370+ target.
💡 Summary Execution Plan
Bias: Strongly Bullish
Target Area: ~$4,370.00
Key Support / Demand: $4,270 (H1) and $4,230 (H4)
Invalidation: A sharp breakdown back below the $4,200 structural level would invalidate the immediate bullish thesis.