XAUUSD: Bullish Retracement Before ExpansionGold continues to maintain a bullish outlook on the 1-hour timeframe after breaking out of the descending channel and posting a strong upward impulse. The market structure has shifted in favour of buyers, confirming a bullish CHoCH, while the ongoing pullback appears to be a normal retracement rather than a reversal.
The bullish FVG between 4,105–4,125 remains an important area to watch. A revisit to this zone may provide fresh long opportunities if buyers continue to defend the imbalance. As long as price holds above the recent swing low, the path towards higher liquidity remains intact.
Bias: Bullish 📈
