XAUUSD H2: Former Resistance Has Been Broken
XAUUSD continues to show clear strength on the H2 timeframe after breaking above the 4,280–4,295 resistance zone, an area that had repeatedly slowed bullish momentum. Following the breakout, price quickly extended toward 4,360 before entering a brief pullback, while the broader bullish structure remains intact.
The key area to watch now is 4,280–4,295, which may flip from resistance into support. If the next pullback holds above this zone and buying pressure returns, I expect XAUUSD to continue higher, first retesting 4,360, before potentially extending toward the 4,400–4,440 area.
The bullish scenario would weaken if price falls back below 4,280 and holds beneath the breakout zone. In that case, the short-term structure could enter a deeper corrective phase.
This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.
Wishing you successful trading!