Gold Testing Dynamic Support | Bullish Structure Still Intact

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Gold Testing Dynamic Support | Bullish Structure Still IntactGoldOANDA:XAUUSDjimmy-trader1XAU/USD is experiencing a controlled pullback after reacting from a significant resistance zone. Price is now approaching an ascending trendline that has supported the market throughout the recent advance. The descending channel highlights the current corrective phase. A successful reaction from the trendline followed by a move above 4,085–4,090 could improve short-term momentum and shift attention toward 4,110–4,120. If buying pressure continues to build, the next technical objective may develop near 4,165–4,170. This analysis is based entirely on chart structure and is intended for educational discussion. Technical Levels Resistance 4,085–4,090 4,110–4,120 4,165–4,170 Support 4,055–4,060 4,040 4,020 Potential Price Objectives Initial objective: 4,090 Second objective: 4,120 Final objective: 4,165–4,170