XAUUSD Channel Up and 4H MA50 can push it to 4900.

Gold (XAUSD) has been trading within a short-term Channel Up since the March 23 Low. The price got rejected on its last Higher High on the 4H MA100 (green trend-line) but found Support on the 4H MA50 (blue trend-line).

As long as it holds, we can see the new Bullish Leg target at least the 4H MA200 (orange trend-line) at $4900. It can potentially rise even higher slightly to the 1.382 Fibonacci extension as this is where the previous Higher High peaked (also both of those hit the 0.5 Fib on the pull-back).