XAU/USD Bullish Breakout & Continuation Setup (30M)

XAU/USD (30M) – Short & Clear Multi-Strategy Analysis

Market Structure

Price has shifted bullish after a clear BOS (Break of Structure).

Higher highs & higher lows confirm uptrend continuation.

Trend & Moving Averages

Price is trading above EMA 70 & EMA 200, showing strong bullish momentum.

EMA support is aligning with the demand zone → confluence strength.

Support / Demand Zone

Key support zone: 4,384 – 4,400

This zone acts as buy-on-dip (demand + structure support).

Previous resistance → now support flip (classic S/R strategy).

Price Action

Strong impulsive bullish candle from support.

Minor pullback expected for liquidity grab, then continuation.

Rejection wicks near support indicate buyers in control.

Channel & Projection

Price respecting an ascending channel.
Measured move projection targets the upper range.

Targets
TP1: 4,440
TP2: 4,480 (main target zone)

Invalidation
Bullish bias remains valid as long as price holds above 4,384.
A strong close below support would weaken the setup.

Conclusion

Bias: Bullish
Strategy: Buy from support after pullback
Confidence: High (BOS + EMA + S/R + Price Action confluence)