XAUUSD has rebounded strongly after the corrective phase.
Following that clear impulse to the upside, bullish momentum briefly slowed and price transitioned into a clean, downward-sloping corrective structure—exactly the type of price behavior I often observe during trend continuation phases.
This pullback is not a sign of weakness, but a necessary pause.
Sellers attempted to push price lower, but the decline remained shallow and lacked follow-through. Each dip into lower levels was quickly met with strong buying interest, effectively absorbing selling pressure. This behavior clearly suggests that buyers remain firmly in control of the broader market structure.
Price has now broken out of the corrective structure with convincing strength.
The breakout candle reflects clear buying intent and confirms that capital is rotating back into the market. This is a familiar setup that typically signals the activation of the next bullish leg, rather than a short-lived technical rebound.
As long as price holds above the breakout zone and does not rotate back into the structure,
I expect gold to continue extending higher, with upside targets focused on the 5.2xxx – 5.3xxx region in the coming sessions.
Following that clear impulse to the upside, bullish momentum briefly slowed and price transitioned into a clean, downward-sloping corrective structure—exactly the type of price behavior I often observe during trend continuation phases.
This pullback is not a sign of weakness, but a necessary pause.
Sellers attempted to push price lower, but the decline remained shallow and lacked follow-through. Each dip into lower levels was quickly met with strong buying interest, effectively absorbing selling pressure. This behavior clearly suggests that buyers remain firmly in control of the broader market structure.
Price has now broken out of the corrective structure with convincing strength.
The breakout candle reflects clear buying intent and confirms that capital is rotating back into the market. This is a familiar setup that typically signals the activation of the next bullish leg, rather than a short-lived technical rebound.
As long as price holds above the breakout zone and does not rotate back into the structure,
I expect gold to continue extending higher, with upside targets focused on the 5.2xxx – 5.3xxx region in the coming sessions.
Note
Good luckTrade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.