XAUUSD: Trendline Holds Firm; Buyers Eye 4,486 Again

XAUUSD maintains a clear bullish structure on the H4 timeframe, characterized by a series of higher lows. Following a pullback from the 4,440 level, the price is retesting the rising trendline around 4,380–4,400—a zone that will likely determine the next move.

On the positive side, the primary trend remains intact, and the price is holding above the Ichimoku dynamic support zone. If the 4,400 level is reclaimed and held, buying pressure could push gold back to the recent high of 4,440, followed by a push toward the key resistance zone at 4,460–4,486.

The bullish scenario would weaken if the price decisively breaks below the trendline and fails to hold the 4,380 area. However, as long as this structure remains intact, I favor a "buy the dip" approach over counter-trend selling.

Bias: Bullish | Key Level: 4,400 | Target: 4,486