Gold above support, bullish trend persists.

After the strong rally over the past few sessions, Gold has entered a healthy corrective phase on the H1 timeframe as short-term profit-taking emerges. However, the bullish market structure remains intact, with price continuing to hold above the key support area formed after the recent breakout. Technically, the 4100–4110 zone is acting as an important support level. As long as price remains above this area, the current pullback is considered a normal correction within the broader short-term uptrend. The preferred scenario is to wait for bullish confirmation around support before looking for further upside toward the 4140–4160 resistance zone. If buyers manage to break and hold above this resistance, Gold is likely to extend its recovery toward the 4230–4250 area, where the next higher-timeframe supply zone is located. On the other hand, a decisive break below the current support would weaken the short-term bullish structure and could trigger a deeper corrective move. 📍 Key Levels 🔹 4100–4110 Post-breakout support zone. Preferred area to look for Buy opportunities. 🔹 4140–4160 First resistance zone. A breakout is needed to confirm bullish continuation. 🔹 4230–4250 Main upside target if the breakout is confirmed. ✅ Preferred Scenario ✔ Gold continues holding above 4100–4110. ✔ Wait for bullish confirmation from the support zone before entering Buy positions. ✔ A sustained breakout above 4140–4160 would confirm continuation toward 4230–4250. ✔ A break below 4100 would weaken the short-term bullish structure and increase the probability of a deeper correction.