Gold Holds Key Support as XAU/USD Traders Eye Resistance Break
Gold buyers are defending the $4,540 support level as XAU/USD consolidates near a critical juncture. The precious metal remains above short-term structural support, but momentum hinges on a decisive break above the $4,590 resistance zone.
Cali XAUUSD observes that the $4,540–$4,550 range now forms the immediate floor for prices. While the lack of dollar strength and falling oil prices provide tailwinds, gold must still overcome technical headwinds—including a persistent downtrend line on higher timeframes.
A clean breakout above $4,600 would confirm bullish conviction. Until then, the market remains in a state of equilibrium—supported by macroeconomic factors but constrained by technical resistance.
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