Forex Technical Analysis: XAU/USD Holds Key 4,000 Support
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Price action on XAU/USD continues to respect a well-defined range, with the 4,000–4,120 band acting as the primary demand zone buyers have repeatedly stepped in to defend. A clean break below this floor would be the first technical signal of a deeper correction, but current structure shows sellers lacking follow-through.
On the upside, 4,260–4,408 remains the resistance cluster capping rallies. A daily close through 4,408 would confirm trend continuation and likely trigger momentum buying from breakout traders watching this level.
Until either boundary breaks decisively, this range defines the near-term technical roadmap, with risk-reward favoring buyers near support given the broader uptrend context.