On the M15 timeframe for XAUUSD, the price has been consolidating near a key support level around 3979.97, with recent candles showing a strong bullish breakout confirmed by elevated volume. The previous consolidation phase (June 22-24) saw a decline to 3966.89, followed by a rebound to 4014.36, indicating resilient buying pressure. The current setup suggests a continuation of the uptrend, as the price is testing critical support at 3979.97, which aligns with a prior low and a potential pivot point. The close above this level signals a shift in momentum, with volume remaining robust, validating the strength of the move.…

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