XAUUSD — Long-Term Bullish Structure Toward 4708.76Market Structure
Gold remains in a strong long-term bullish trend, supported by higher-timeframe momentum and repeated accumulation phases. The current price action is consolidating above major structural supports, keeping the long-term upside target 4708.76 valid.
Key Support Zones
Key Support Zone 1 — 3839
This is the primary structural floor. As long as price holds above 3839, the bullish trend remains intact and the path toward the higher target stays open.
A clean bounce from this zone would reinforce the bullish continuation.
If 3839 Breaks — Key Support Zone 2 — 2775
A decisive breakdown below 3839 would signal a deeper correction toward the secondary support at 2775.
This zone represents a major historical demand area, where large-scale buying interest is expected to reappear. A hold above 2775 would maintain the long-term bullish macro outlook.
Main Target
4708.76
This is the projected long-term extension target based on the broader impulse wave. As long as gold stays above 3839, the probability of reaching this upper target remains high.
