BTC $64,312.00 ▲ 0.88% ETH $1,871.51 ▲ 0.46% USDT $0.9993 ▲ 0.01% BNB $601.34 ▲ 2.05% XRP $1.07 ▼ 0.53% SOL $74.12 ▲ 0.59% DOGE $0.0699 ▼ 0.31% SHIB $0.00000492 ▼ 0.81% PEPE $0.00000286 ▼ 2.46% BTC $64,312.00 ▲ 0.88% ETH $1,871.51 ▲ 0.46% USDT $0.9993 ▲ 0.01% BNB $601.34 ▲ 2.05% XRP $1.07 ▼ 0.53% SOL $74.12 ▲ 0.59% DOGE $0.0699 ▼ 0.31% SHIB $0.00000492 ▼ 0.81% PEPE $0.00000286 ▼ 2.46%
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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 major descending trendline resistance on the 4H timeframe. Price is showing strong bullish momentum, but the breakout is not confirmed until a full 4H candle closes above the trendline. A confirmed breakout could open the door for further upside toward 4160, 4180, and 4200. If price fails to break this resistance, a rejection may lead to a pullback toward 4080, 4040, and 4000. Waiting for confirmation before entering a trade offers a better risk-to-reward opportunity.

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