Bulls get follow-through buying on XAUUSD
Weekly chart was attached to previous analysis where we were near the weekly range bottom.
4H chart created tight bear channel testing this bottom. Final bars on Friday broke the bear trendline.
Since its tight bear channel, first breakout maybe minor and reversed down but bull breakout is also strong and has follow-through bar.
If bulls push price higher, top of sell climax is first target and also measured move based on height of this BO marked up.
These both targets create possible reversal zone that can be bulls target.
4H chart created tight bear channel testing this bottom. Final bars on Friday broke the bear trendline.
Since its tight bear channel, first breakout maybe minor and reversed down but bull breakout is also strong and has follow-through bar.
If bulls push price higher, top of sell climax is first target and also measured move based on height of this BO marked up.
These both targets create possible reversal zone that can be bulls target.
