$XAU Gold Challenges $4,380: Breakout or Pullback?
Iโve been watching gold closely around $4,380, because this is the kind of level where momentum alone isnโt enough. After the powerful rally of the past week, price has reached a major resistance zone, and the next move could tell us whether buyers still have control.
From a technical perspective, the structure remains bullish, but momentum is starting to look stretched. For me, the key question is whether gold can secure a clean breakout above $4,380โ$4,400 rather than simply spike through it. A strong close above this zone could bring $4,450 and potentially $4,500 into focus.
On the downside, Iโm watching $4,320โ$4,300 as the first meaningful support. If buyers defend that area, the bullish structure remains intact. But losing it could trigger a deeper retracement toward $4,270.
My approach here is simple: I wouldnโt chase the breakout blindly. $4,380 is the decision point. Hold above it, and gold can extend higher. Reject it, and patience may offer a much better entry.
#GoldChallenges$4380 #PreciousMetalsRally #XAU #xagusdt #GOLD $TUT $HOME ๐ณ๏ธ Gold at $4,380 โ What Happens Next?