How will gold react after the news?GoldOANDA:XAUUSDAstronautPioneerBased on the XAU/USD chart, the current structure shows that price is correcting within a larger uptrend. The most notable point is that price is currently trading between support at 4,320 and resistance at 4,527–4,580, while a descending trendline needs to be broken to confirm a return of bullish momentum. 🔴 Resistance 1. 4,520 – 4,535 — Key Resistance This is the Resistance Zone on the chart. Reference level: 4,527.605. This is also the breakout area that price needs to overcome to confirm a breakout from the current corrective structure. If price tests this zone but gets rejected → the possibility of continued sideways movement/correction remains. 2. 4,570 – 4,585 — Strong Resistance Key level around 4,580.038. This is the next target after a breakout above 4,527. If price breaks above this entire zone, the bullish structure will become very positive. 🟢 Support 1. 4,315 – 4,330 — Main Support This is an important Support Zone, with the key level at 4,320.056. Price has reacted several times around this area. More importantly, the long-term ascending trendline is also converging around this support zone. If the 4,315–4,330 zone continues to hold → this remains the preferred area to look for BUY signals. 📉 Descending Trendline The trendline from the most recent high is currently putting pressure on price. The structure can currently be viewed as: Bottom → strong rally → formation of a high → correction → consolidation below the descending trendline. Therefore, a trendline breakout + break above 4,527 will be more significant than simply a spike above the resistance zone. 📈 Bullish Scenario The ideal scenario: 4,320 → consolidation → break the descending trendline → break 4,527 → 4,580 After breaking above 4,527, it would be better to wait for price to retest 4,520–4,535 and hold this zone. This would provide a more reliable confirmation of continued bullish momentum. Targets: TP1: 4,527 TP2: 4,580 Break above 4,580 → further upside targets can be extended. 📉 Bearish Scenario If price continues to be rejected below the trendline and fails to break 4,520–4,535, it could move back toward: 4,450 → 4,400 → 4,320 In particular, if 4,320 is strongly broken, the current bullish scenario will weaken significantly, and the larger market structure will need to be reassessed.