Following a strong breakout above a key resistance zone, XAUUSD is entering a consolidation phase just above the breakout level. Notably, the price has maintained a bullish structure characterized by higher lows, indicating that buying pressure remains in control of the market rather than showing signs of distribution.

Fundamental factors also continue to support gold. The US dollar has weakened following a series of lackluster economic data, while expectations of the Federal Reserve easing policy in the coming months keep capital flowing into safe-haven assets like gold. This provides a solid foundation for the current uptrend to persist.

From a technical perspective, the 4,070 level is acting as short-term support after having been conquered. If the price holds this area and buying confirmation emerges, I expect XAUUSD to extend its gains toward the 4,176 level. Conversely, the short-term bullish outlook would only be undermined if this support level were to give way.