Technical Summary*- Gold is trading above the descending trendline, indicating a bullish breakout after consolidating within a short-term corrective structure. Buyers are attempting to hold above the breakout zone, keeping the near-term bias positive. A sustained move above the recent highs could accelerate the upside momentum.


Bullish Scenario- Holding above 4,260–4,265 keeps the breakout structure intact.A move above 4,285 may open the way toward 4,308, with the next major resistance around 4,334.Sustained buying above 4,308 would strengthen the medium-term bullish outlook.Bearish Scenario - Failure to hold above the breakout area may trigger profit booking.Initial downside support is seen near 4,245–4,230.A decisive break below 4,230 could extend losses toward 4,200, where stronger buying interest may emerge.


Key LevelsResistance: 4,285 | 4,308 | 4,334Support: 4,260 | 4,230 | 4,200


Market View- The overall short-term trend remains bullish following the trendline breakout. As long as price holds above the breakout support zone, buying on dips remains the preferred strategy while traders watch for a move toward 4,308 and 4,334.

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