XAUUSD (Gold) — Bullish Structure Holding Above Key Support

Gold continues to trade steadily above the 4700 level, maintaining bullish momentum and heading toward a third consecutive weekly gain.

The recent stability is being supported by a softer US dollar, easing inflation concerns, and improving sentiment following the ceasefire developments between the United States and Iran.

Although geopolitical risks remain due to ongoing regional developments involving Israel and Lebanon, reduced oil prices have helped limit inflation fears — keeping gold supported within a stable range.

📉 Market Structure Insight

• Trend → Mild Bullish

• Momentum → Stable

• Structure → Holding above support

• Bias → Bullish while key support holds

👉 Gold remains supported above 4680.

🔑 Key Levels to Watch

🟢 Support Zones

4680 → Immediate support

Maintains bullish structure.

4650 → Secondary support

Break below increases downside risk.

🔴 Resistance Zones

4720 → Breakout level

Key trigger for upside continuation.

4750 → Next upside target

Major resistance ahead.

🎯 Trading Outlook

🟢 Bullish Scenario (Primary)

Trigger: Break above 4720

Expected Path:

4720 → 4750 → Higher levels

🔴 Bearish Scenario (Alternative)

Trigger: Break below 4680

Expected Path:

4680 → 4650

📌 Conclusion

Gold remains structurally supported above 4680, with bullish momentum intact. A confirmed breakout above 4720 could open the door for further gains toward 4750 and beyond, while holding support keeps buyers in control.

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