XAUUSD Pressing Against Resistance… Buyers Are Gaining GroundGoldOANDA:XAUUSDGoldenPearl_tradAt first glance, gold is still trading beneath a descending trendline, so the broader short-term bearish structure has not completely disappeared. However, the latest price action is starting to tell a different story. After the sharp decline, XAUUSD stopped making meaningful new lows and began compressing between descending resistance and rising support. Buyers have repeatedly stepped in around the lower part of this structure, while sellers have struggled to extend the previous decline. The latest recovery brings price back toward the descending trendline once again. This is important. Each previous test allowed sellers to push gold lower relatively quickly. This time, however, price is holding closer to resistance and the pullbacks are becoming less aggressive. A trendline can gradually lose its influence when it is tested repeatedly. does not guarantee a breakout, but it suggests that selling pressure may be weakening while buyers continue to absorb supply around the current area. Technically, XAUUSD still needs a clean breakout and sustained move above the descending trendline to confirm that control is shifting toward buyers. My View: For now, I remain slightly bullish. Not because the breakout has already been confirmed, but because sellers are finding it increasingly difficult to push price lower while gold continues to build pressure beneath resistance. If buyers can break and hold above the descending trendline, I would look for a continuation toward 4,259 as the first target. If momentum remains strong above that area, 4,300 becomes the next upside objective.