Gold Pullback Before Resistance BreakMarket Structure
On the 1H timeframe, gold continues to show a bullish structure with higher lows following the recent upward expansion. Price is currently consolidating below the latest swing high, indicating the market may be preparing for the next directional move.
Key Levels
The 5400–5440 resistance zone remains the main upside target. In the near term, a pullback toward the 5180–5160 area could occur as the market rebalances liquidity before attempting another push higher.
Trading Scenario
If buyers continue to defend the support structure, the bullish move may extend toward the major resistance zone. A break below support, however, could lead to a deeper retracement.
Outlook
The overall bias remains bullish as long as price holds above support, with potential for another move toward the higher resistance levels.
Long