Gold Rebounds From Trend Line β€” 4,440 Resistance in Focus

Wait 5 sec.

Gold Rebounds From Trend Line β€” 4,440 Resistance in FocusGold / U.S. DollarFOREXCOM:XAUUSDLegionQ8Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. XAUUSD previously traded inside a range before breaking higher with a strong impulse and shifting bullish. Price then formed another range and moved toward the 4,680 Resistance Line, where sellers rejected the upside. Currently, XAUUSD is trading below the 4,440 Seller Zone while holding above the 4,310 Buyer Zone and ascending Trend Line. The recent bounce from support suggests buyers are attempting to regain control. As long as XAUUSD remains above the 4,310 Buyer Zone and respects the ascending Trend Line, the bullish scenario remains valid. A continuation higher could push price toward the 4,440 Seller Zone (TP1). However, a breakdown and close below the Buyer Zone would weaken the bullish outlook and increase the possibility of further downside. Please share this idea with your friends and click "Boost" πŸš€