Gold (XAU/USD) Price Outlook – Trade SetupGold / U.S. DollarFOREXCOM:XAUUSDATFX_Global📊 Technical Structure XAUUSD Gold is trading within a rising channel, maintaining a sequence of higher highs and higher lows, indicating an intact bullish structure. Price recently tested the 4,857–4,873 resistance zone and is now consolidating just below it. The pullback remains shallow and is holding above the 4,733–4,750 support zone, which aligns with both horizontal support and the ascending trendline. This suggests the current move is a continuation structure, with buyers still defending higher levels. Short-term bias: Bullish above 4,750 🎯 Trade Setup (Buy-the-Dip Bias) Entry Zone: 4,733 – 4,750 Stop Loss: 4,727 Take Profit 1: 4,857 Take Profit 2: 4,873 Risk–Reward Ratio: Approx. 1:4.7 📌 Invalidation: A sustained break below 4,733 would invalidate the bullish structure and expose downside toward 4,680. 🌐 Macro Background Gold is supported by a mixed but slightly constructive macro backdrop: USD rebounds modestly on Hormuz risks, capping gold upside Ongoing geopolitical tensions support safe-haven demand Fed rate hike expectations continue to ease after softer data Lower yields limit USD strength and support gold Overall, macro conditions favor range-bound bullish continuation 🔑 Key Technical Levels Resistance Zone: 4,857 – 4,873 Support Zone: 4,733 – 4,750 Invalidation Level: Below 4,733 📌 Trade Summary Gold remains in an ascending structure, consolidating below resistance. Preferred strategy: Buy dips above 4,750, targeting continuation toward 4,857–4,873. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.