Gold Spot / U.S. Dollar
Long
Updated

XAUUSD Bullish Trend in Play — Path Open Toward 4,300 Target

4 559
Hello traders! Here’s my technical outlook on XAU/USD (Gold) based on the current market structure. Gold remains in a broader bullish trend, supported by a clearly defined rising Trend Line that has guided price action since the beginning of the impulsive move. After the initial breakout from the Support Level, the market formed a well-structured range, followed by a corrective pullback and another consolidation phase, confirming healthy bullish rotation. Price is currently trading above the key Support Level near 4,140, while attempting to stabilize above the rising Support Line, which keeps buyers in control of the short-term structure. The recent breakout from the second range indicates renewed bullish momentum, with price now approaching the major Resistance Level around 4,260–4,270. As long as Gold holds above the support zone and respects the ascending trendline, the bullish scenario remains valid. The structure suggests continued pressure toward the upside, with TP1 positioned near 4,300, which aligns with the next key resistance area. A clean breakout above this level could open the door for further trend continuation and higher upside targets. However, a failure to hold the Support Line could lead to a deeper pullback toward the lower support zone. For now, the technical structure favors the buyers, with bulls aiming for a retest and breakout of the 4,260–4,300 resistance zone. Please share this idea with your friends and click Boost 🚀
Trade active
As soon as the price began to jump, as soon as we settled, we will wait for the further collapse in the hills.
Trade closed manually
As we can see, the price at this stage has remained in the consolidation phase.

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