On the H4 timeframe for XAUUSD, the recent price action reflects a consolidation phase following a prolonged downtrend. The last few candles show a series of lower highs and higher lows, indicating potential bullish exhaustion. The most recent candle closes near the 4028.63 low with a strong volume surge of 83,304, suggesting a shift in momentum. This volume confirmation aligns with the formation of a bullish pattern near the key support level at 4028.63, where price found traction after a bearish pullback. The current setup highlights a critical support zone at 4028.63, with volume acting as a validator for the…

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