On the H4 chart XAUUSD has forged a higher‑low/higher‑high structure since the early‑July dip to the 3980‑3990 zone. The last four candles show a gradual climb from the 3995 support to a 4040‑4050 resistance, with the most recent bar closing at 4012.91, confirming bullish pressure. Volume peaked during the earlier 4060‑4080 surge, evidencing strong participation, and while the latest volume (~44k) is modest, it still backs the upward momentum. A clear ascending channel is forming, with the 3990 level acting as firm support and the 4050‑4060 range offering the next resistance. The buy entry aligns with a breakout above the…

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