GOLD Compression Then Acceleration in Bull Move

[cryptoenthusiast]

XAUUSD remains firmly inside a rising channel after breaking above the previous all-time high, with the former resistance now acting as dynamic support. Price recently paused near 4520, but the structure still shows higher highs and higher lows, suggesting continuation rather than distribution. The pullback looks corrective so far, occurring above the ascending trendline and prior breakout zone.

If buyers continue to defend the 4,410 area, gold may attempt another expansion toward the 4,600 resistance, where the upper channel boundary aligns with projected extension targets. Momentum conditions still favor upside as long as price holds above the reclaimed trendline.

️ Primary scenario: support holds at 4,410 → continuation toward 4,600.
️ Risk scenario: loss of 4,410 could trigger a deeper retracement toward 4,300 before buyers re-engage.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

[bcd8b07f7c]

Gold holding 4,410 looks solid so far, could be setting up for that 4,600 push