Lingrid | GOLD Weekly Analysis: Bull Market Back in CommandOANDA:XAUUSD perfectly played out my previous weekly idea . Price capped off another powerful week, decisively breaking above the November high and confirming its bullish trajectory toward fresh all-time highs beyond $4,400. This isn’t just momentum—it’s structural. The market has transitioned from consolidation to continuation, with silver’s outperformance signaling broad precious metals strength and validating gold’s upward move. Long-term macro forces—persistent inflation, geopolitical risk, and a weakening dollar narrative—are aligning to create tailwinds that favor strategic accumulation on any pullbacks. The downside remains well-anchored at the $4,200–$4,250 zone, offering clear entry points for those looking to ride the next leg higher.
The 4H chart shows a textbook trend continuation pattern following a compression phase, where price found support at the ascending trendline near $4,200 before surging past the November high resistance area, now acting as a new support floor. On the 16-hour chart, the clean break above the triangle pattern is especially significant—the measured move target derived from the triangle’s height suggests a potential long-term run toward $4,500 if bullish momentum holds. The A = B projection further reinforces the symmetry of this move, implying a proportional extension from the initial impulse leg.
Fed’s policy stance still uncertain, despite a recent 0.25% rate cut. But the path of least resistance is unequivocally upward. Any dip into the $4,250 zone should be viewed not as a reversal signal, but as a tactical buying opportunity ahead of the next breakout attempt. A close above PWH would open the floodgates to $4,450 and beyond. Silver’s leadership continues to be a vital leading indicator—if it sustains its relative strength, gold will follow with conviction. The golden ascent has begun.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
