Summary:
Gold continues to rally in a strong bullish trend, forming higher highs and higher lows. Demand zones between 4180–4220 remain key supports for buyers, suggesting the uptrend is intact as long as price stays above these levels.
Gold Price Technical Outlook (XAUUSD, 30-Minute Chart)
The 30-minute XAUUSD chart shows a well-defined bullish structure. Price has been climbing in a steady rhythm of higher highs and higher lows, signaling persistent buying pressure. Each consolidation zone is followed by a breakout, which transforms the previous resistance into new support.
Key Demand Zones Supporting the Trend
- 4060–4080: The initial demand base, where the rally began.
- 4140–4160: Mid-level support formed after a short consolidation.
- 4210–4220: The most recent breakout zone, now acting as near-term support.
These areas reflect strong institutional buying interest. The clean stair-step pattern suggests a healthy and sustainable uptrend rather than a parabolic move. According to price action theory (see Al Brooks), such a structure is often a “buy-the-close” market—momentum strong enough to justify late entries during bullish bars.
What to Watch Next
If price closes above 4267 on a 30-minute candle, it could trigger an extension toward the 4300 psychological resistance. However, a pullback toward 4220 or even 4180 would be a normal correction within the trend. Only a close below 4175 would signal possible short-term exhaustion.
Conclusion
Gold remains bullish with solid structural support. The key demand zones (4180–4220) will likely attract dip buyers if tested. Traders should monitor the 4267 breakout level for confirmation of further upside toward 4300.
This content is for educational purposes only and not financial advice.
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