XAUUSD — 4,146 Pullback or 4,307 Breakout?

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XAUUSD — 4,146 Pullback or 4,307 Breakout?GoldOANDA:XAUUSDTiara_PrimeGold Gold is trading around 4,195 after a strong recovery from the recent low. Price is still moving inside the H4 descending channel, but short-term momentum has turned bullish. Macro News Gold gained around 1.5% on Friday as the U.S. dollar softened and Treasury yields eased, putting the metal on track for a weekly gain. However, the 10Y Treasury yield remains elevated near 5.26%, while markets still expect a possible Fed hike in December. The simple read 4,146 is the key pullback support. If buyers defend this zone, Gold may continue toward 4,226, then the upper channel resistance around 4,307. A rejection from 4,226 could create another pullback before continuation. Key price zones 4,146 — key pullback support 4,226 — first major resistance 4,307 — upper channel resistance 4,067 — major swing low Short-term momentum favors recovery, but Gold is approaching major resistance. I prefer waiting for the 4,14x reaction rather than chasing near 4,195. Can 4,146 hold and send Gold toward 4,226?