**XAUUSD — Bulls Take Control**

🔺Gold closed near $4,342 after a 7% gain this week. This was driven by weak US employment data a weaker dollar and reduced expectations of further Federal Reserve tightening.

🔺We anticipate a potential price drop from the region we have shown. This could be a minor correction or a major one depending on the price’s behaviour next week.

🔺The next possibility is that the price may continue to fall from the Friday closing price or retest $4,390. If this region is invalidated, we still believe the price could fall from the $4,430 region.

🔺The structure remains bullish above $4,300–$4,320. A confirmed breakout above $4,390 could open the way towards $4,450 and $4,500. However, rejection from $4,370–$4,390 may trigger a healthy pullback before the next advance.

🔺If the price respects our entry, there are two potential take profit points: $4,255 and $4,150.

🔺We welcome your feedback and analysis. If you disagree, please share your perspective to provide alternative viewpoints.

Best regards,

The SetupsFX_ Team ❤️🏆