
XAU/USD Gold Forecast: Bulls Remain in Control Above Key Support
Gold Market Overview
Gold continues to trade in a strong bullish trend across the 15-minute, 1-hour, and 4-hour charts. Buyers remain firmly in control after the recent rally, with price now testing an important resistance zone near recent highs.
While a short-term pullback remains possible, the broader trend remains positive as long as key support levels continue to hold.
Technical Analysis
Gold has maintained a sequence of higher highs and higher lows, confirming bullish market structure.
The current resistance zone around 4,276–4,285 is the immediate hurdle for buyers. A successful breakout could trigger the next leg higher towards major resistance levels.
Bullish Scenario
If Gold breaks and holds above 4,285, buyers may target:
- 4,304–4,310
- 4,315–4,330
A sustained move above these levels would reinforce the broader bullish trend.
Pullback Scenario
A healthy correction towards 4,248–4,240 would not damage the bullish structure and could provide fresh buying opportunities.
If sellers push below 4,240, Gold may retrace further towards:
- 4,195–4,188
- 4,162–4,150
Key Levels
Resistance
- 4,276–4,285
- 4,304–4,310
- 4,315–4,330
Support
- 4,248–4,240
- 4,195–4,188
- 4,162–4,150
Market Outlook
The overall trend remains bullish, and the preferred strategy continues to be buy on dips while Gold trades above key support levels. Traders should closely monitor the reaction around 4,285, as a breakout could fuel another strong upside move.
Conclusion
Gold remains one of the strongest-performing assets in the market. As long as price holds above 4,240, buyers retain control. A breakout above 4,285 could open the path towards 4,310 and beyond.
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