Controlled Pullback, Bullish Structure IntactGoldOANDA:XAUUSDAyabellHello everyone, If you only look at the recent price action, many might think that gold is slowing down after a strong rally. However, when you combine the latest news with the current price structure, the picture clearly leans toward a continuation of the uptrend. From a fundamental perspective, the market is being supported by three key factors: A weaker USD following the U.S.–Iran ceasefire news Falling yields, making gold more attractive Market expectations gradually pricing in potential Fed easing Even though the Fed remains slightly hawkish, it’s clear that capital is flowing back into gold — and that’s what matters most. Looking at the chart, the structure is very clean: Price is still moving within a well-defined ascending channel, consistently forming higher lows. The recent decline is essentially just a technical pullback into the 0.5–0.618 Fibonacci zone, which aligns with the lower boundary of the channel — an area where buyers typically step back in. More importantly, the price reaction in this zone is far from weak: No breakdown No expansion of selling pressure Structure remains well intact This suggests the market is consolidating before the next move higher, rather than reversing. If this scenario continues, I expect: Price to complete its correction around the current area Then rebound to retest the 4,860 – 4,880 zone And potentially extend toward 5,000 – 5,050 along the upper boundary of the channel So when would this bullish scenario be invalidated? → Only if price clearly closes below the 4,700 level and breaks the higher-low structure. Until that happens, every pullback should be viewed as an opportunity. In short, this is not a “fast and aggressive” rally, but rather a controlled, steady, and sustainable uptrend. And in markets like this, the most effective strategy is always: 👉 Be patient, wait for pullbacks, and follow the main trend. At this point, the question is no longer “Will gold go up?” — but rather, are you ready to move with the trend? Wishing you all successful trading!