Gold — A Key Breakout Could Fuel the Next Rally
Gold OANDA:XAUUSD
🔥Gold remains in a strong bullish trend after reclaiming the Golden Zone and continuing its climb into higher resistance. Buyers are still in control, but price is now approaching an important supply area where the next reaction could determine whether momentum continues or a short-term pullback begins.
🏆Previously:
If buyers break above the current resistance zone, the uptrend could accelerate toward the next major supply area. Holding above the Golden Zone would further strengthen the bullish structure and support continuation.
📉 Bearish scenario
If price fails to hold above the Golden Zone and slips back below it, a deeper correction toward lower support zones becomes more likely. Losing this key area would be the first warning that bullish momentum is fading.
The trend remains bullish overall, but the current resistance zone is the next major test. A confirmed breakout would keep buyers firmly in control.