Gold (XAUUSD) 4H Analysis: Bullish Channel Holds, 4980 in Sight
Gold is trading within a moderately ascending channel, maintaining a bullish structure with higher highs and higher lows.
Price has recently reacted from the lower boundary, suggesting dynamic support and a potential continuation of the upward move.
🔹 Scenario
As long as the channel holds, bullish momentum is expected to continue toward:
🎯 4980
A confirmed break above 4886 can act as a key trigger for further upside.
⚠️ Invalidation
A breakdown below the channel would invalidate the bullish structure and increase the likelihood of a correction.
📊 Trade Setup
Bias: Buy