BTC $64,254.00 ▲ 0.72% ETH $1,869.28 ▲ 0.22% USDT $0.9993 ▲ 0.01% BNB $600.73 ▲ 1.65% XRP $1.07 ▼ 0.69% SOL $74.04 ▲ 0.39% DOGE $0.0698 ▼ 0.75% SHIB $0.00000491 ▼ 0.92% PEPE $0.00000285 ▼ 2.75% BTC $64,254.00 ▲ 0.72% ETH $1,869.28 ▲ 0.22% USDT $0.9993 ▲ 0.01% BNB $600.73 ▲ 1.65% XRP $1.07 ▼ 0.69% SOL $74.04 ▲ 0.39% DOGE $0.0698 ▼ 0.75% SHIB $0.00000491 ▼ 0.92% PEPE $0.00000285 ▼ 2.75%
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Piyasa

XAUUSD at Major Trendline Resistance – Breakout or Rejection?

XAUUSD at Major Trendline Resistance – Breakout or Rejection?

Gold OANDA:XAUUSD

Gold is testing a long-term descending trendline on the 4H timeframe. Bulls have regained momentum and are attempting a breakout, but confirmation is still required. A strong 4H close above the trendline would signal a potential bullish continuation toward 4160, 4180, and 4200. However, failure to break above this resistance could trigger a rejection, sending price back toward 4080, 4040, and possibly 4000. Waiting for a confirmed breakout or a clean rejection provides the best risk-to-reward setup.

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