XAUUSD 4H chart is showing a strong bullish structure where price action is moving in a clear Elliott Wave sequence suggesting continuation to the upside. After completing wave 3 the market is now pulling back into wave 4 which aligns with the retest of the broken trendline acting as support. This healthy correction is seen as a preparation phase before the next impulsive move higher toward wave 5. The overall trend remains firmly bullish as long as the market holds above the retest zone and momentum continues to favor buyers which indicates that gold is likely to extend its rise once this consolidation phase completes.