NEW WEEK - NEEDS A BREAKOUT – THE BIGGER TRENDLINE IS THE KEYGOLD (US$/OZ)TVC:GOLDChum_tradesGold begins the new trading week at a critical technical point, where both buyers and sellers are fighting for control. Although the recent correction has eased bullish momentum, the overall recovery structure remains valid as long as price continues to respect the ascending trendline and nearby support. The 4025–4040 support zone is now the key area to watch. Holding above this region would preserve the series of higher lows and provide buyers with another opportunity to build momentum. At the same time, price is approaching the higher-timeframe descending trendline, which has capped every recovery over the past several weeks. For the bullish outlook to gain stronger confirmation, gold must accomplish two things: hold above the current support and ascending trendline, then break decisively above the major descending trendline. A confirmed breakout would shift market sentiment and open the way toward the 4085–4095 resistance, followed by the larger 4110–4120 resistance zone. For now, the preferred strategy is to remain buy-biased on pullbacks while price stays above support. However, patience is essential. The higher-probability trade will come once the market confirms a breakout above the larger trendline instead of anticipating the move too early. 📍 Key Levels 🔹 4025–4040 Primary support zone and ascending trendline support. 🔹 4085–4095 First resistance and breakout confirmation area. 🔹 4110–4120 Major resistance and higher-timeframe descending trendline. 🔹 4155–4165 Medium-term bullish target if the breakout succeeds. 🔹 Below 4000 A sustained break below this level would invalidate the current recovery structure. ✅ Preferred Scenario Price continues holding above 4025–4040 support. The ascending trendline remains intact. Wait for a confirmed breakout above the higher-timeframe descending trendline before adding Buy positions. Upside targets remain 4085–4095, followed by 4110–4120 if bullish momentum strengthens.