Gold has just escaped the accumulation zone and moved up around 4,100, showing that buyers are regaining their short-term advantage. However, the price has approached the nearest peak, so buying and chasing here is no longer the optimal choice.

The 4.035–4.065 area is worth watching. This is the price base that has repeatedly absorbed selling pressure and created clear recovery rhythms. If XAUUSD corrects here, a rejection candlestick appears or a strong bullish candlestick appears and then regains 4,080, the bullish structure will be consolidated.

Once it surpasses 4,115, the price can extend its upward momentum to the old peak around 4,150–4,168.

The macro context also slightly supports the uptrend as the weakening USD is helping gold maintain its recovery momentum.

The bulls have the advantage, but a better opportunity will appear after a protected pullback instead of chasing right below resistance.