Lingrid | GOLD Retracement Ends - Bullish Trend Continues
OANDA:XAUUSD is forming a controlled retracement after printing a higher high, with price now reacting positively above the rising trendline and key demand zone. The pullback appears corrective and structure remains constructive while higher lows continue to form. Momentum has cooled, but buyers are still defending the broader upward channel.
If demand holds above the 4,420 support band, the market could attempt another upside rotation toward 4,520, where the next resistance cluster and trendline extension align. Acceptance above that area may open the door for a continuation toward fresh highs.
Primary scenario: support holds continuation toward 4,520.
Risk scenario: a decisive break below 4,400 could trigger deeper consolidation.
If this idea resonates with you or you have your own opinion, traders, hit the comments. Im excited to read your thoughts!