After the strong breakout from the demand zone, XAUUSD has left sellers with very few opportunities. Each pullback quickly attracts renewed buying interest, while former resistance zones continue to turn into support after being broken.

What stands out is that price is still maintaining a clear sequence of higher highs and higher lows, showing that capital flow remains firmly tilted toward buyers. The current pullbacks look more like brief pauses to rebuild momentum than clear signs of a reversal.

If the nearest support zone continues to hold, I expect XAUUSD to extend its advance toward the 4,350 area. The bullish scenario will only come into question if price forms a lower high and then breaks below the most recent swing low.

This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.

Wishing you successful trading!