XAUUSD Daily: Post-Range Breakout, Now at the Pullback DecisionGoldOANDA:XAUUSDMichael_Fx_Traderhttps://www.tradingview.com/u/Michael_Fx_Trader/ This is the Gold Spot / USD daily chart (19 Sep 2026). Price is currently around 4,378. The core idea is that Gold fell for a long stretch, built a range, swept sell-side liquidity, broke the HTF trendline, and has now pulled back and bounced. It is approaching a decision point for the next move. All levels below are my approximate readings from the chart, so small deviations are possible. 1. Big picture (Nov 2025 to now) Gold started rising in Nov 2025 from around 4,000 and peaked near 5,600 at the end of Jan 2026. This is marked as External Range Liquidity. A sharp drop followed in early Feb, then a second high formed in March near 5,400, lower than the first. This is marked as Buy Side Liquidity. By late March, price fell back to around 4,100. April brought a bounce, but it stalled near 4,900, a rejection inside the Internal Range Liquidity FVG (roughly 4,860 to 4,970). The highs kept stepping down: 5,600, 5,400, 4,900. From June to early Aug, price moved sideways in a range (roughly 3,930 to 4,300), labeled "Price in Range" on the chart. In July, wicks below the range swept the sell-side liquidity, where the Order Block (OB) zone sits at roughly 3,860 to 4,010. In Aug, price broke out of the range and closed above the HTF Resistance Trendline. This is the first major structural change. A high formed in late Aug near 4,680. A pullback followed through mid-Sept, bottoming near 4,235, and price has now bounced back to 4,378. 2. Key levels Upside (POIs): POI 1, around 4,390 to 4,400: immediate resistance, where price is now. POI 2, around 4,520: an older swing level and the second target. POI 3, around 4,680 to 4,690: the Aug high and the main upside target. The green arrow points here. Beyond that: the Internal Range FVG (4,860 to 4,970), then Buy Side Liquidity (5,400) and External Range Liquidity (5,600). Downside: DIV POI, around 4,235: the recent swing low and first support. FVG zone (pink box), roughly 4,100 to 4,235: the imbalance left by the Aug breakout, which price may return to fill. DIV POI 2, around 4,080: the last line of defense below the FVG. Below that: the range low and Sell Side Liquidity with OB (3,860 to 4,010). 3. Structure read Short term looks better. The July low was about 3,930 and the Sept pullback low is 4,235, so price has made a higher low. The trendline break is also a bullish signal. Medium term calls for caution. The 4,680 high sits below April's 4,900, so on the bigger picture the lower-high structure has not been broken. Solid bullish confirmation would be a close above 4,690, and then above 4,900. The trendline now sits below price and appears to run near the FVG zone. That makes 4,100 to 4,235 an important support area, since the FVG and the trendline overlap there. 4. The USD (DXY) factor The small USD chart in the top-left shows a falling red trendline and a "FVG with support" zone below. The analyst's note says the USD made a sharp bullish reversal but has weakened over the past two days and may now target downside POIs. Gold and the USD usually move inversely, so if the USD keeps falling, Gold gets support to move up. If the USD strengthens again, Gold may struggle to hold above 4,400. This is only a correlation, not a guarantee. 5. Two possible scenarios Bullish scenario: Price holds above 4,235 and prints a daily close above 4,400 (POI 1). Next targets are 4,520 (POI 2), then 4,690 (POI 3). A close above 4,690 opens the path toward the 4,900 FVG, where major resistance is likely. Pullback / bearish scenario (red arrow): Price is rejected at POI 1 and starts falling again. First stop is 4,235. If that breaks, price could drop into the FVG (4,100 to 4,235). A reaction from the FVG could set up another move higher, which is the chart's green plan. A close below 4,080 weakens the bullish idea and puts the range low and sell-side liquidity (3,860 to 4,010) back in play. 6. Summary The short-term bias is cautiously bullish, because the trendline is broken, a higher low has formed, and the USD is weakening. However, price is sitting at POI 1, the first area of resistance, and the larger structure has not fully flipped given the lower highs. The clearest confirmation would be a close above 4,690, and the most important support is 4,235 with the FVG zone below it. This is educational chart analysis only, not trading or financial advice. Please set your own risk management and stop loss, and recheck the levels on a live chart before any trade.