XAUUSD /GOLD
Gold continues to trade with a strong bullish structure after breaking above a key descending trendline and reclaiming major resistance. The recent impulsive rally confirms that buyers remain in control, while the successful hold above the EMA 50 and EMA 200 signals increasing bullish momentum. Price is now testing a significant supply zone, where short-term profit-taking or a healthy pullback could occur before the next leg higher.
A sustained close above the current resistance area would confirm the breakout and open the door toward the 4,325.66 liquidity zone. However, if sellers defend this region, a retracement into the 4,220.64 support zone may provide fresh buying opportunities, keeping the overall bullish market structure intact.
Traders should monitor price action around this resistance together with upcoming high-impact U.S. economic data, as volatility could determine whether Gold extends its rally or performs a temporary correction before continuation.
🟢 1st Resistance: 4,263.30
🟢 2nd Resistance / Target: 4,325.66
🔴 Strong Support Zone: 4,220.64 – 4,235.00
⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always use proper risk management before entering any trade.