Based on the XAUUSD chart, I still favour the bullish scenario, with… — Sphyn | Master Trade ⛷ — TG.ME

🟫 Based on the XAUUSD chart, I still favour the bullish scenario, with 4430 remaining the main upside target. However, Gold may first retrace and sweep liquidity around 4372 → 4350 before continuing higher. 🔸 Dovish FOMC + weaker US labour/manufacturing data → increases the probability of Gold breaking above 4430. 🔸 Hawkish FOMC + stronger US data → Gold could correct towards 4372 → 4350, with 4313 - 4304 as the deeper support/liquidity zone. 💠 Overall: I still favour buying the dip rather than selling the rally, as long as the bullish market structure remains intact.