XAUUSD – The UP Trend Is Still Well ProtectedThe gold market is no longer asking “will it go up or not” — the real question now is how the rally unfolds . When we combine the news backdrop with the price structure on the chart, the bullish picture of XAUUSD becomes increasingly clear.
On the fundamental side , recent U.S. economic data shows a cooling labor market , while expectations for the Fed to continue easing monetary policy remain intact . Yields and the USD are not strong enough to trigger a deep sell-off, and safe-haven demand is still present. This creates a solid macro foundation supporting higher gold prices, rather than a random technical bounce.
From a technical perspective , the uptrend remains clean and well-structured:
• Price is above the Ichimoku cloud, and the cloud is sloping upward → the primary trend remains bullish.
• The 4,300 zone is acting as both a dynamic and psychological support, where price has just pulled back and reacted positively.
• The long-term ascending trendline remains intact → the Higher Low structure is still preserved.
The most logical scenario at this stage is consolidation above 4,300, followed by a continuation toward the 4,380 – 4,390 zone, where the upper trendline resistance converges. This is a classic behavior of a strong market: no sharp sell-offs, no panic — just a pause before the next leg higher.
👉 In summary:
The UPTREND in XAUUSD continues to dominate. As long as 4,300 holds, any pullback should be viewed as a trend-following opportunity, not a reversal signal.
