Eseandre Mordi
Gold isn't showing any signs of backing down. After a sustained three-month climb, XAU continues to hold its bullish structure with prices respecting critical support levels and the technical outlook pointing higher. With resistance clustered near 5130 and a defined supply zone at 5150, traders are watching closely for the next directional move. For context on how we got here, Gold Holds Ascending Channel After 3-Month Bullish Climb breaks down the broader trend structure that has been driving this rally.
Key Support at 5090 and 5054 Keeps Gold's Uptrend Alive
Right now, the 5090 level is doing the heavy lifting as the first line of bullish defense. As long as price holds above this area, upward momentum stays intact. Drop below it, and the deeper demand zone around 5054 becomes the next critical floor - a level where buyers have historically stepped back in.
Solid buying power and an upward trend suggest that short-term pullbacks could be interpreted as buying opportunities.
The chart also highlights a potential head and shoulders breakout that has transitioned into a well-defined range, with support and resistance zones clearly mapped out.
This kind of layered support structure is exactly what gives bulls their confidence. Each pullback toward 5090 or 5054 is being treated as a loading zone rather than a warning sign - and that tells you a lot about the current market mood. Gold Builds Bullish Pressure Inside Ascending Channel offers additional perspective on how this channel dynamic has been playing out.
5130 Resistance and 5150 Supply Zone Define the Next Upside Targets
On the upside, 5130 is where things get interesting. Price is likely to face some pushback there - either a brief consolidation or a short-term rejection before buyers reload. If momentum holds, the 5150 supply area becomes the logical next target. The projected path is straightforward: test 5130, pause, then reengage the uptrend toward 5150.
These aren't arbitrary levels. They represent genuine decision points in XAU/USD's near-term market structure. Gold Tests $5043 Resistance With Q1 All-Time High Scenario in Focus puts these resistance clusters in the context of gold's broader Q1 trajectory and the all-time high scenario that analysts have been tracking.
As long as XAU holds above its demand zones, the bullish setup stays valid - and the path toward 5150 remains open.
Eseandre Mordi
