Gold continues to show strength after completing a healthy correction within an overall bullish trend.

The recent pullback developed inside a descending corrective channel. Price has now broken above that channel while also reclaiming an important horizontal resistance level, suggesting that buyers are regaining control.

From a market structure perspective, the sequence of higher highs and higher lows remains intact, so the broader bullish bias has not changed.

However, chasing the current breakout may not offer the best risk-to-reward profile. A pullback toward the 4260 support zone would be a healthier scenario. If buyers defend that area and bullish price action appears, it would provide stronger confirmation that the breakout is being accepted by the market.

The level around 4230 is the key invalidation point for this bullish scenario.
A decisive move below that support would weaken the current structure and require a fresh evaluation.

Trade Plan Levels

• Buy Zone: Around 4260 (after bullish confirmation)
• Invalidation: 4230
• Short-Term Target: 4380
• Mid-Term Target: 4470

As always, patience is often rewarded. Waiting for confirmation instead of chasing price is usually the better approach in trending markets.