The XAUUSD pair on the H4 timeframe has been in a prolonged consolidation phase following a downtrend from 4180 to 4000 levels. Recent price action shows a bullish breakout through key support at 4000, confirmed by a higher close on the 4007.69 entry. The consolidation phase was marked by lower highs and lower lows, but the current breakout suggests a potential reversal. Volume spikes around the 4007.69 level indicate increased buying pressure, validating the strength of the move. The price has tested the 4000 area multiple times, forming a base that now appears to be a strong support level. The…

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