XAU/USD BUY SETUP — Potential Move Toward 4,414.50

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XAU/USD BUY SETUP — Potential Move Toward 4,414.50Gold / U.S. DollarFOREXCOM:XAUUSDAi_Algo-AnalysisGold is currently trading around 4,284.68 and remains inside a broad descending channel. Key support: 4,250–4,260 Major support: 4,232.75 First resistance: 4,345–4,355 Major resistance: 4,390–4,400 Upside target: 4,414.50 Scenario: A strong hold above 4,250–4,260 followed by a break above 4,345–4,355 could open the way toward 4,390–4,400 and potentially 4,414.50. A break below 4,232.75 would weaken this bullish scenario and indicate further downside risk. Bias: Bullish above support, but confirmation is needed.