XAUUSD on the M15 chart has broken out of a tight consolidation that held between roughly 4080 and 4100 for several sessions. The last three candles closed progressively higher, with a bullish engulfing pattern on the 15‑minute bar that closed near 4095. Volume spikes on the upward legs (e.g., 3348, 4161, 5113) contrast with thinner activity during the down moves, confirming buying pressure. The price now sits above the recent swing low around 4049, which forms a solid support level for the stop‑loss. A clear upward trajectory is evident as the market tests the prior resistance zone near 4150‑4165, offering…

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