XAUUSD continues to hold a bullish structure on the H1 timeframe, with price respecting the rising trendline after the recent pullback. The current consolidation around 4,470–4,480 has not invalidated the broader upward structure.
If price continues to hold above the rising support and buying pressure returns, I expect XAUUSD to push higher toward 4,495 first. A clean break above this level could extend the move toward 4,520 near the upper boundary of the channel.
From a technical perspective, the structure remains constructive as long as price stays above the ascending trendline. Therefore, I favor a “buy on pullback” approach while the current support structure remains intact.
Main Trend: Bullish | Support: 4,470 | Target: 4,495 → 4,520