Gold
Long

XAU/USD | 4H Chart

137
Price has respected this ascending channel beautifully with multiple touches on both trendlines, confirming the structure. We recently saw a break of structure (BOS) followed by a strong bullish push.

Currently watching for a short-term pullback into the 4H support + FVG (Fair Value Gap) zone, aligning with the midline of the channel. If price reacts bullish here, I'll be looking for a continuation toward the upper trendline and potential new highs.

Trade Setup:

Entry: At support/FVG confluence

SL: Below the FVG zone

TP: At the upper channel resistance

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