Gold price heading towards the $4,200 level.

#XAU/USD#

1. Market Structure — Bullish

Gold maintains a short-term bullish structure, supported by Higher Lows and an ascending trendline from 4,065–4,070. After rejection at 4,215–4,220, price pulled back toward 4,177 to retest support.

2. Key Support & Resistance

Resistance: 4,215–4,220; breakout target 4,225–4,230.

Support: 4,168–4,173 (trendline confluence); 4,135–4,145; 4,105–4,110; 4,065–4,070 (major demand).

3. Trading Scenarios

Bullish: Holding 4,168–4,173 with confirmation could push price toward 4,190 → 4,200 → 4,220. A breakout above 4,220 opens 4,225–4,230.

Bearish: A break below 4,168 and the ascending trendline could trigger a decline toward 4,145 → 4,110 → 4,065–4,070.

Bias: Bullish while 4,168–4,173 and the ascending trendline hold.

--------------

The market is primarily consolidating and moving sideways, attempting to break above the key 4,200 resistance level while awaiting this week's CPI and PPI data.

BUY GOLD zone : 4174 - 4171

SL : 4166

TP : 4188 - 4200 - 4217