XAUUSD

On the four-hour timeframe, the overall trend is still clearly bullish after a series of positive structural breaks. The price is currently in a strong momentum phase, entering a stage of fluctuation and healthy correction above important demand areas. The area that was previously breached is now acting as support, and any drop towards it is considered normal within the trend as long as the price remains above it. The positive scenario remains valid with the possibility of continued upward movement after the correction ends. However, breaking the demand areas and closing below them would change the short-term outlook and prompt us to reassess at this stage. Patience and risk management are more important than rushing into entry.