XAUUSD | Bullish Momentum After Range Breakout
Gold OANDA:XAUUSD
Gold continues to trade inside a rising channel after a successful breakout from the previous consolidation range. Buyers are defending higher lows, while the former resistance area is acting as a key support zone. As long as price holds above this structure, the bullish momentum may remain intact.
Key level to watch: 4350 support area.
Potential upside zone: 4400.
This is a technical analysis based on price action and chart structure, not financial advice. Always wait for confirmation and manage risk.