XAUUSD H4: Bullish outlook seen, further upside above 1724.50

On the H4 time frame, prices are facing bullish pressure from the support zone at 1724.50, in line with the 1.272% Fibonacci retracement where we could see further upside above this support zone, with 1783.80 as the next resistance target. Stochastic is showing bullish divergence as well as highlighted in green, indicating potential for more upside in prices.