GOLD HOLDS ITS BULLISH STRUCTURE – CAN BUYERS EXTEND THE RALLY?GOLD (US$/OZ)TVC:GOLDChum_tradesGold continues to respect its short-term bullish structure after finding strong buying interest at the ascending H2 trendline. The recent correction appears to have completed, with buyers stepping back in around the 4045–4060 demand zone, allowing price to resume making higher lows. The recovery has now pushed Gold back above the immediate support area, confirming that buyers remain in control as long as price holds above the rising trendline. This trendline has acted as dynamic support throughout the recent advance and remains the key technical level to monitor. The next challenge for bulls is the 4105–4130 resistance zone, where short-term selling pressure is expected to emerge. A healthy pullback from this area would be considered a normal retest before another continuation higher. If buyers successfully establish acceptance above 4130, Gold could extend toward the major H2 resistance around 4160–4180, where the broader bullish structure will face its next important test. For now, the preferred strategy is to buy pullbacks while price remains above the ascending trendline. Momentum continues to favor the upside, and chasing short positions against the prevailing trend carries lower probability until a clear bearish structure develops. 📍 Key Levels 🔹 4045 – 4060 Primary support and preferred buying zone. 🔹 4080 – 4090 First pullback support after the recent breakout. 🔹 4105 – 4130 Key resistance and breakout confirmation area. 🔹 4160 – 4180 Major H2 resistance and primary bullish target. 🔹 Below 4035 A sustained move below this level would weaken the current bullish structure and increase the probability of a deeper correction toward 4000–4020. ✅ Preferred Scenario Price briefly retraces into the 4080–4090 support zone. Buyers defend both the support area and the rising H2 trendline. Bullish momentum resumes toward 4105–4130. A confirmed breakout above 4130 opens the way toward 4160–4180. Continue favoring buy-the-dip setups while price remains above the ascending trendline.