XAUUSD H1: The Trendline Continues to Support Price
After correcting from the resistance zone, XAUUSD once again pulled back to test the ascending trendline and quickly attracted buying interest. This shows that the dynamic support is still holding effectively, keeping the short-term bullish structure intact.
What stands out is that each test of the trendline continues to bring buyers back into the market, while sellers have yet to produce a decisive breakdown. As long as price remains above the trendline, buyers continue to hold the advantage and appear willing to defend this support area.
If buying pressure remains strong, I expect XAUUSD to develop another bullish move toward the recent high around 4,110. This will be the key area for determining whether buyers have enough momentum to extend the trend. On the other hand, if the trendline is broken and price closes below it, the current bullish structure will weaken significantly.
This is only my personal view based on technical analysis. Wishing you successful trading!