#Gold $XAU – Weekly Technical Outlook

Gold remains structurally bullish on the weekly timeframe. Price is consolidating above a key breakout zone around 4,327–4,358, which is now acting as strong support. The recent pullbacks show healthy demand, suggesting accumulation rather than distribution.

As long as price holds above this support band, the bias remains buy-on-dips, with upside continuation toward the highlighted upper supply/target zone (Target-6). A sustained breakout above this range could open the path toward higher long-term resistance levels.

On the downside, failure to hold current support may trigger a corrective move toward Target-5 (≈4,020–4,107), while deeper weekly weakness would expose Target-4 near the lower demand zone.

Overall, trend strength favours continuation, with patience required during consolidation before the next expansion leg.