Resistance below 4230 – a major accumulation zoneGoldOANDA:XAUUSDMoon-ForexAcademy1. Market Structure — Bullish Gold has broken above the descending trendline and recovered strongly from 4,075–4,080, forming a short-term bullish structure. Price is currently trading around 4,181. 2. Key Support & Resistance Resistance: 4,200–4,220 Support 1: 4,150–4,155 (trendline retest) Support 2: 4,130–4,135 Major Demand: 4,075–4,080 3. Trading Scenarios Bullish: A confirmed bounce from 4,150–4,155 could push gold toward 4,190 → 4,200 → 4,220. Bearish: A break below 4,150 may trigger a correction toward 4,135 → 4,130. Conclusion: Short-term bias remains bullish after the trendline breakout. Watch 4,150–4,155 for support and 4,200–4,220 for resistance. Prefer confirmed price action over chasing the rally. ----------- The CPI and PPI data continue to point to high inflation in the U.S., exerting selling pressure and capping any upside for gold. The market remains largely in a "wait-and-see" mode, with the price continuing to trend downward below 4230.