XAUUSD — 4,317 Is the Real Test

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XAUUSD — 4,317 Is the Real TestGoldOANDA:XAUUSDFelix_MacroTradeXAUUSD — 4,317 Is the Real Test Gold is back above 4,400, and this move has that strong bullish feeling again — but I would still be careful about chasing the top of the candle too late. Price has been building a clear bullish leg since the earlier breakout from the lower range. We saw BOS after BOS, then gold pushed into the 4,400 area while buyers kept defending each pullback. That tells me the short-term structure is still controlled by buyers, especially with momentum staying firm and the daily RSI not looking exhausted yet. But here is the part I am watching closely. After a strong move like this, the market often needs to breathe. It may push slightly higher into 4,433.545, collect buy-side liquidity, then pull back toward the nearest order block around 4,317.985 - 4,340. For newer traders, that pullback is not automatically bearish. Sometimes it is simply price coming back to test whether the breakout has real support underneath it. My main view is still bullish while gold holds above 4,317.985. If this order block holds, price may build another continuation toward 4,433.545 first, and then the larger psychological target near 4,500. The CPI data ahead can bring sharp volatility, so confirmation around the pullback zone matters more than chasing the first reaction. This bullish idea becomes weak if gold loses 4,317.985 and fails to recover. Below that, price may revisit the previous pullback zone near 4,233.820 before buyers can reset. Key price zones to watch Current reaction area: 4,400 - 4,412.200 Main demand / order block zone: 4,317.985 - 4,340 Bullish confirmation zone: clean hold above 4,317.985 First upside liquidity target: 4,433.545 Main upside target: 4,500 Lower support if buyers fail: 4,233.820 Major lower support zone: 4,080 - 4,106.750 Invalidation: clean close below 4,317.985 Do you think gold needs to retest 4,317 before the next push, or can buyers drive straight toward 4,500 after CPI?