Lingrid | GOLD Possible Price Acceleration After Range Break
OANDA:XAUUSD perfectly played out my previous trading idea . Price could be transitioning from pullback into continuation, following a clean expansion above the prior consolidation zone. The recent surge developed after a series of higher lows along rising support, while the breakout candle shows strong follow-through rather than exhaustion. Price behavior suggests the earlier pullbacks were corrective pauses, not distribution.
If buyers continue to defend the 4,250 demand pocket and volatility remains compressed above the former ceiling, TVC:GOLD may extend toward the upper channel boundary around where supply previously emerged. That zone may act as the next reaction point as momentum stretches.
Primary scenario: hold above 4,250 advance toward 4,320.
Risk scenario: a sustained slip below 4,235 may weaken bullish structure and reopen the 4,170 support area.
If this idea resonates with you or you have your own opinion, traders, hit the comments. Im excited to read your thoughts!