XAUUSD: Buying Pressure Aims for the $4,260 Resistance
Hello everyone, here is my breakdown of the current Gold (XAUUSD) setup.
Market Analysis
Gold continues to trade within a broader bullish structure, with price action developing inside a well-defined ascending channel. After the previous impulse move higher, the market entered a consolidation phase below the $4,260 Resistance Zone, where sellers repeatedly defended the level. Earlier, XAUUSD produced a breakout from the upward channel structure and formed a temporary base above the mid-support area near $4,200, confirming that buyers still control the broader trend.
Currently, price is holding above the Triangle Support Line, showing that demand remains active on dips. The recent pullback into the $4,200$4,190 support area looks corrective rather than impulsive, suggesting that bearish pressure remains limited for now. As long as price stays above this triangle support, the bullish market structure remains valid.
My Scenario & Strategy
My scenario is bullish while XAUUSD holds above the $4,200 Support Zone and respects the Triangle Support Line. I expect price to stabilize in this area and attempt a renewed push toward the $4,260 Resistance Zone, which is the key barrier for continuation.
Therefore, a clean breakout above $4,260 would confirm bullish continuation and open the door for further upside expansion toward higher historical levels. However, if price fails to hold the triangle support and breaks below $4,190$4,180, this would weaken the bullish structure and could trigger a deeper corrective pullback toward the lower channel boundary. For now, the market maintains a long bias, with the main objective being a renewed test and potential breakout of the $4,260 resistance zone.
Thats the setup Im tracking. Thank you for your attention, and alwa