Gold $XAU is currently showing a strong bullish recovery after rejecting the 4644 low and holding above key support levels. Price has formed a short-term ascending structure and is now consolidating inside a minor bullish flag. The recent push above 4728 indicates bullish momentum building while the structure suggests continuation towards higher resistance if price sustains above the trendline and breakout zone. Overall bias remains bullish as long as price holds above 4700-4708 support.
Trade Plan – Buy Setup
Buy Zone: 4715-4725
Trigger: M15/H1 bullish breakout or strong bullish candle above 4732
Targets: 4750, 4770, 4790
Stop Loss: 4708
Invalidation: Clear break and close below 4700 support
Note
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