#GOLD Holding Support - Range Expansion Toward 5190 Possible
Here’s my technical outlook on $XAU USD (2H) based on the current chart structure. Gold previously experienced a strong impulsive drop after failing to sustain above the highlighted resistance band, where sellers took control and pushed price sharply lower. This decline was followed by a stabilization phase near the marked support level, where demand began to absorb selling pressure and price formed a recovery structure rather than continuing a straight bearish trend. After the rebound, price transitioned into a consolidation range between the Buyer Zone below and the Seller Zone above. Inside this range, both sides have been actively defending their levels, creating multiple false breakouts and retests that confirm the area as a key equilibrium zone rather than a trending market. The repeated reactions around the blue support band show that buyers remain present and continue to protect this zone. Currently, price is trading above the support area while respecting the rising trendline drawn from the recent swing low. This suggests that the latest pullback is corrective in nature and not yet a confirmed bearish continuation. As long as gold maintains acceptance above the Buyer Zone and the ascending support, the structure favors a continuation toward the upper boundary of the range. My primary scenario remains bullish while price holds above the 4,990 support zone. A continuation move could push $XAU USD toward the 5,190 resistance area (TP1), which represents the upper Seller Zone and a likely liquidity region where sellers may respond again. Partial profit-taking near this zone would be reasonable due to expected resistance. A clean breakout and consolidation above 5,190 would signal renewed bullish momentum and open the path for further upside expansion.
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