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Piyasa

XAUUSD H1: The Sideways Range May Be Ready to Break

XAUUSD H1: The Sideways Range May Be Ready to Break

Gold OANDA:XAUUSD

After repeatedly holding the support zone below, XAUUSD is gradually improving its short-term structure with a series of steady recovery moves. What stands out is that each pullback quickly attracts buying interest, suggesting that buyers are quietly absorbing selling pressure rather than allowing the market structure to weaken.

Price is now approaching the resistance area of the consolidation range. If buyers maintain the current momentum and push price above this zone, XAUUSD could extend its rally toward the next resistance area around 4,110–4,120. This will be an important level for determining whether the market has enough strength to break out of the sideways phase.

On the other hand, if price fails to overcome the nearby resistance, it may continue moving within the current range for a while longer. However, as long as the support below remains intact, the short-term advantage still leans slightly toward buyers.

This is only my personal view based on technical analysis. Wishing you successful trading!

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