XAUUSD Sellers Defend Resistance, Eyes on Pullback
Hello traders! Heres my technical outlook on XAUUSD (4H) based on the current chart structure. Gold remains in a bullish structure after breaking above a descending resistance line, confirming a shift in control to buyers. Price then consolidated in a clear range, showing balanced market activity before continuing higher. The upside breakout from this range, supported by a rising trend line, confirms ongoing bullish momentum. Currently, XAUUSD is testing a key Resistance Level within the Seller Zone, where selling pressure may appear. Below, the former resistance has turned into a strong Support Level, aligned with the Buyer Zone near 4,440 and the previous breakout area. My scenario: as long as price remains below the Seller Zone and shows rejection from resistance, the bias turns bearish, with TP1 targeting a move back toward the Buyer Zone and trend-line support. A strong breakout and acceptance above resistance would invalidate the short scenario and suggest further upside continuation. Please share this idea with your friends and click Boost