⬤ Gold's looking solid on the one-hour chart right now. XAU/USD is holding a clean bullish structure with higher highs and higher lows still in play. Price recently dipped back into what used to be resistance but has now flipped into support. That zone lines up perfectly with a break-of-structure area where price paused before pushing higher earlier in the trend.
⬤ The chart shows a powerful upward move that drove gold sharply higher before this pullback kicked in. So far, the retracement's been pretty controlled—price is respecting that marked support zone instead of crashing through it. This tells you buying interest is still alive down here. The broader uptrend from late 2025 continues to guide things, and importantly, this pullback hasn't taken out the most recent low, which keeps the bullish setup intact.
⬤ What you're seeing here is classic trend behavior. Previous resistance becomes new support after a solid breakout—it's textbook stuff. That break-of-structure zone has already been tested and held, which reinforces it as a legit demand area. The impulsive leg before this pullback was strong, the kind of move you typically see when trends are about to continue after some consolidation. But the setup still needs price to keep respecting the structure.
⬤ This matters because structure and trend behavior are driving short-term direction in gold right now. As long as XAU/USD stays above that support zone and keeps making higher lows, the bullish framework stays valid. Lose that structure low, though, and you're looking at a potential shift—probably a deeper correction coming. With price consolidating above key technical levels, how it reacts around support next will decide whether gold resumes climbing or slips into correction mode.
