Peter Smith
⬤ Gold's been showing real strength lately on the 30-minute XAU/USD chart after cleanly breaking through resistance and holding firm above the breaker block. Price respected the demand flip perfectly and kept pushing higher with controlled pullbacks—exactly what you want to see when buyers are committed. Right now, XAU/USD is sitting comfortably above what used to be resistance and is now acting as solid support, which keeps the bullish outlook intact.
⬤ There's a well-defined buy zone between $4,332 and $4,340 where price bounced nicely after the breaker block formed. This area's acting as a demand zone where buyers keep stepping in to protect the structure. The key invalidation level sits below $4,315—that's the line in the sand. As long as gold stays above this breaker area, the pattern of higher highs and higher lows keeps working.
⬤ The upside targets are pretty clear on the chart. First stop is around $4,380, then $4,420 after that. There's even an extended zone above $4,460 if the momentum really takes off. What's encouraging is how price has been climbing in measured steps rather than wild jumps—that tells you this is a genuine trend backed by steady buying pressure, not just short-term volatility spikes.
⬤ This setup matters beyond just gold itself. When XAU/USD holds a strong bullish structure like this, it often signals broader shifts in market sentiment and risk appetite that ripple through precious metals and related assets. The fact that gold's defending these key structural levels shows how important demand zones and breaker blocks are for tracking short-term price moves while building confidence in the bigger trend that's developing.
Peter Smith
