Lingrid | GOLD Trend Continuation Pattern Forming

XAUUSD is maintaining its bullish structure within an upward channel, where the price continues to create impulsive legs followed by controlled pullbacks. The third touch of the $4,380 resistance area suggests an increasing probability of a breakout continuation toward $4,450. As long as the $4,250–$4,270 support region holds, buyers remain in control of the broader trend. Momentum remains constructive, supported by higher lows and consistent rebounds from the trendline base.

⚠️ Risks:

• Failure to hold $4,240 could invalidate the bullish setup.
  
• Strong CPI data may cap gold’s upside.
  
• A sudden drop in inflation expectations could weaken safe-haven demand.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!