XAUUSD: Trendline Remains a Key Support

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XAUUSD: Trendline Remains a Key SupportGoldOANDA:XAUUSDParadise_NoirXAUUSD maintains a bullish structure on the H4 timeframe, characterized by a series of higher lows, with the ascending trendline serving as a key support level. The recent pullback around the 4,340 level has not broken the bullish structure. My primary focus is the 4,340–4,350 zone. If the price holds this area and buying pressure returns, XAUUSD could rebound to 4,400, subsequently targeting the 4,450–4,480 resistance zone. From a fundamental perspective, gold remains supported by underlying demand and expectations regarding monetary policy. Therefore, as long as the trendline remains intact, I favor buying pullbacks in line with the primary trend. Trend: Bullish | Support: 4,340 | Target: 4,480