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Piyasa

XAUUSD H1: Breakout Holds Firm, Buyers Remain in Control

XAUUSD H1: Breakout Holds Firm, Buyers Remain in Control

Gold OANDA:XAUUSD

XAUUSD continues to maintain its bullish structure after breaking above the 4,280–4,295 resistance zone. Price is now consolidating above the breakout area and remains above EMA34, suggesting that the current pause has not changed the short-term bullish trend.

The key point is that the former resistance zone is gradually turning into support. As long as XAUUSD continues to hold above 4,280–4,295, I expect buying pressure to return, first pushing price back toward the recent high around 4,360, followed by a potential extension toward the 4,400–4,440 area.

The bullish scenario would weaken if price falls back below 4,280 and holds firmly beneath the breakout zone.

This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.

Wishing you successful trading!

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