After being successfully defended at the demand zone aligned with the EMA, XAUUSD broke higher with strong momentum and quickly established a new price range. Sustained buying pressure has produced a series of large-bodied bullish candles, showing that upward momentum remains highly positive.

Price is currently consolidating just above the breakout zone rather than facing heavy selling pressure. This often suggests that buyers remain in control and are absorbing profit-taking before the next expansion higher.

As long as the 4,240–4,245 area continues to hold, I remain bullish, with the next target around the 4,313 resistance zone. The short-term bullish outlook would only weaken significantly if price loses this newly formed support area.

This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.

Wishing you successful trading!