Gold Breaks Through $4,380 Resistance in Extended Rally

⬤ Gold (XAU/USD) pushed through another major resistance level at $4,380, extending a rally that's been building momentum for months. The breakout shows the metal's strength as it keeps finding new highs, following a pattern that's played out several times already this year.

⬤ The technical picture shows gold respecting an upward trendline since late 2024, giving the rally a solid foundation. Each time the metal breaks through resistance, it finds fresh buying interest. The $4,380 level that once capped gains could now provide support if prices pull back.

⬤ The chart reveals a clear trend with resistance zones consistently breaking down as prices move higher. This parabolic move reflects genuine strength in demand, even as day-to-day price swings continue. The market keeps respecting its long-term support structure.

⬤ Breaking through long-held resistance typically signals the trend has legs to continue. With gold now trading above $4,380, the question becomes whether it can hold this level as support while the bullish setup stays in place.