XAUUSD Triangle Support Holds, Recovery Toward $4,100
Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. XAUUSD previously declined inside a bearish channel before finding support and reversing higher. After the recovery, price formed an ascending triangle, with buyers consistently defending the 4,020 Buyer Zone while sellers continue protecting the 4,100 Seller Zone and the descending resistance line. Currently, XAUUSD is trading above the 4,020 Buyer Zone while remaining below the 4,100 Seller Zone and the descending resistance line. The latest rebound from support suggests buyers are still attempting to build bullish momentum. As long as XAUUSD holds above the 4,020 Buyer Zone and respects the ascending support line, the bullish scenario remains valid. A continuation higher could push price toward the 4,100 Seller Zone (TP1). However, a rejection from resistance or a break below 4,020 would weaken the bullish outlook and increase the risk of another decline. Please share this idea with your friends and click "Boost" 🚀