XAU/USD Bullish Breakout Retest | 4136 Target in Focus

#XAU/USD#

📊 Market Structure

Timeframe: 15 Minutes

Current Price: around 4083.8

Pattern: Descending channel followed by a bullish breakout

Key Event: Price pushed above the channel, created a gap/imbalance (FVG), and then retraced sharply into a support zone.

Bias: Bullish continuation while support holds.

🔍 What the Chart Shows

Price traded inside a falling channel for several hours.

A strong bullish candle broke above the upper trendline, signaling a potential trend reversal.

After the breakout, sellers stepped in aggressively, causing a fast pullback.

The pullback is currently testing the demand / support area around 4076–4080, which is also near the marked entry zone.

📈 Bullish Trade Idea

Entry Zone:4079.3 – 4080.1

Stop Loss:4059.9

Take Profit (Main):4136.8

Risk: ~19 points

Reward: ~57 points

Risk : Reward: approximately 1 : 3

🎯 Potential Targets

Target



Level




TP1



4102




TP2



4115




TP3



4125




TP4 (Final)



4136.8

⚠️ Important Resistance

4100–4102: Psychological and short-term resistance.

4115–4120: Previous swing highs.

4135–4137: Major target zone shown on the chart.

🛡️ Invalidation

A 15-minute candle closing below 4076 would weaken the bullish setup.

A break below 4059.9 invalidates the trade idea and could open the door for further downside.

📌 TradingView Style Summary

XAU/USD Bullish Breakout Retest | Buy the Support for 4136 Target

Bias: Bullish

Entry: 4079.34

SL: 4059.89

TP1: 4102

TP2: 4115

TP3: 4125

TP4: 4136.76

Setup: Channel breakout → pullback into demand → continuation higher.