GOLD Bullish Breakout from Falling Channel | Retest Entry Plan

📊 Analysis Summary:

Gold (XAUUSD) has broken out of a falling channel on the 1H timeframe with strong bullish momentum. After the breakout, price retested a minor bullish order block, providing a solid confirmation for potential continuation to the upside.

🔍 Technical Confluences:

Falling channel breakout
Bullish engulfing breakout candle
Retest of minor bullish order block (acting as support)
Clear bullish Break of Structure (BOS)

📌 Trade Plan:

Entry: 3365 (OB retest zone)
Stop Loss: 3345 (20 points below OB zone)
Take Profit 1: 3399 (Key intraday resistance)
Take Profit 2: 3451 (Swing high target)
📈 Risk-Reward: Approximately 1:4

📌 Expectation:
If the order block support holds, we can expect a bullish continuation toward 3400+ and possibly 3450 in the coming sessions.