Watching XAUUSD on the 1H chart, the price is respecting a clean ascending channel with steadily higher highs and higher lows.
Right now, gold is holding around 4555–4560 support, and momentum still looks slightly bullish. If buyers stay in control, we could see a push toward the 4620 resistance and possibly higher.
But if 4540 breaks, a deeper pullback could happen before the next move.
What do you think?
Break above 4620 or pullback first? 👀
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