XAU/USD Analysis: Gold Surging Toward New HeightsGold / U.S. DollarFOREXCOM:XAUUSDfullpriceactionThe Gold 4H chart exhibits a strongly bullish structure with no major signs of exhaustion. After a healthy correction phase in early February, the precious metal has initiated a powerful rally, supported by a perfectly respected long-term ascending trendline. Currently, the price has broken out of a compression zone (ascending triangle) by clearing the psychological resistance around $5,100. This breakout is confirmed by the breach of a short-term bearish trendline, signaling that buyers have aggressively regained control. In the short term, the current $5,107 level now acts as a support ("polarity"). If the price holds above this pivot, the projected path suggests an immediate continuation. The graphical projection points to a first target near $5,300, with potential extension toward the major resistance zone at $5,550 - $5,600. Risk management remains paramount: as long as the black ascending trendline is not broken to the downside, the bias remains strictly bullish. Investors will be watching for a potential retest of the $5,100 support to consolidate this momentum before the next bullish leg.