$XAU (Gold) — Breakout Continuation Explained Simply 🟡
Gold has moved out of its consolidation phase with a strong push higher after holding above the 4,470–4,480 area. That zone acted as a base, and the decisive bullish candle confirms that buyers have taken control on the lower timeframe.
This kind of breakout usually means momentum is shifting upward, especially with ongoing macro uncertainty pushing safe-haven demand. As long as price stays above the breakout zone, pullbacks are likely to be short and quickly bought.
Trade idea in plain words:
• Buy on dips: 4,500 – 4,510
• Upside targets:
• First resistance near 4,540
• Next extension toward 4,580
• Invalidation: below 4,460
In short: consolidation is done, buyers are aggressive, and holding above support keeps the path open for further upside
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