XAUUSD Long: Reclaims Trendline – Bounce Toward 4,870 Ahead for FOREXCOM:XAUUSD by heniitrading

TradingView idea: XAUUSD Long: Reclaims Trendline – Bounce Toward 4,870 Ahead for FOREXCOM:XAUUSD by heniitrading TradingView symbol: XAUUSD Hello traders! Here is my technical forecast based on the current chart structure of XAUUSD (1H). Gold previously traded along the trend line forming triangles. After several breakouts of these structures, the price entered a consolidation phase and later formed a range near the highs. Currently, price is trading near this demand area while respecting the ascending trend line, indicating potential accumulation. At the same time, the market is still below the 4,870 supply zone, where previous …