XAUUSD Outlook: Triangle Breakout and Path Toward a New ATHGoldOANDA:XAUUSDRakyatTraderGold is currently showing a symmetrical triangle breakout after several retests of the resistance trendline. This breakout, supported by a retest, signals the potential for continued bullish momentum. Demand and Support Zones The primary demand zone is located around 3,293.334, which has acted as a strong reversal level. As long as this zone holds, the broader bias remains bullish, with additional minor support near 3,338. Resistance and Supply Zones The nearest resistance lies at the supply zone around 3,421.591, closely aligned with key retracement levels. If this area is broken convincingly, the next bullish targets are the Fibonacci extensions: 1.618 near 3,480.000 and 2.618 around 3,555.324. Sustained momentum could open the path to a new All-Time High (ATH). Technical Scenarios Bullish Continuation – As long as price holds above the breakout line, upside potential remains dominant, targeting 3,421 and further toward 3,480–3,555. False Breakout / Pullback – If price falls back below the breakout line, deeper corrections toward 3,338 or even the primary demand at 3,293.334 could unfold. Conclusion Technically, XAUUSD is positioned in a bullish phase, validated by a breakout from consolidation. Short-term focus is on the 3,421 supply zone. Holding above 3,293 keeps the door open for an advance toward 3,480–3,555. A strong breakout above 3,421 would serve as a catalyst for the market to potentially achieve a new ATH in gold.