Lingrid | GOLD Trendline Break - Price Acceleration

Nov 27

XAUUSD is testing the downward trendline for the third touch, a historically significant point where price often attempts a breakout. The market structure has been steadily building higher lows from the 3,900 support level, while buyers continue to defend the bottom of the upward channel. Current consolidation just above 4,100 suggests accumulation rather than exhaustion, especially after price already produced a clean rebound from the channel floor.

If GOLD breaks and holds above major trendline, momentum may accelerate quickly toward 4,275, the mid-resistance barrier inside the broader supply zone. A successful continuation above this mark opens the way for a deeper squeeze, where major liquidity sits. With USD volatility cooling and safe-haven demand stabilizing, the bullish scenario remains favorable as long as price maintains bullish structure.

➡️ Primary scenario: breakout above trendline → continuation toward 4,275.
⚠️ Risk scenario: failure at trendline → drop back toward 4,000 support.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Nov 28

Trade active

XAUUSD is pulling back from the recent higher high but continues to hold firmly above the 4,150 support, which aligns with the upward trendline and the mid-channel structure. The broader market bias remains bullish, with price respecting a clean sequence of higher lows. This area has acted as a springboard in previous impulses, and the current pullback resembles another reload phase. If buyers step in again at 4,150, it can attempt a fresh rally toward 4,232, the resistance zone where both channel ceiling and prior rejection levels converge. A decisive break above that area may open the door for extended upside as the bullish trajectory strengthens.