XAUUSD H3: Is the Breakout the Start of a New Bullish Wave?
XAUUSD has broken out of its consolidation range after several sideways sessions, suggesting that buyers are gradually regaining control. Price may now retest the breakout zone around 4,120–4,130 before extending its upward move. If this area holds as support, gold could advance toward 4,180, with 4,200 as the next upside target.
Entry:
Look for Buy opportunities if price pulls back to the 4,120–4,130 support zone and forms a bullish confirmation signal.
Invalidation:
The bullish scenario will be invalidated if XAUUSD falls back into the previous consolidation range and closes decisively below 4,100.
This analysis reflects my personal market view and is for educational purposes only. Please make your trading decisions based on your own analysis and risk management.