Gold (XAU/USD) tests key support levels amid technical pullback

Technical analysts are monitoring gold (XAU/USD) as it undergoes a corrective pullback following a recent bullish rally. The price has faced rejection near the 4,210 level and is currently testing various support zones.

Key technical levels identified include a primary support cluster between 4,120 and 4,150, which aligns with Fibonacci retracement levels and horizontal demand structures. Analysts suggest that if buyers can defend the 4,155–4,172 range, the upward momentum may continue toward resistance targets of 4,220 and potentially 4,300.

Conversely, a sustained break below the 4,155 area could invalidate the immediate bullish outlook, potentially leading to a deeper retracement toward the 4,060–4,100 major demand zone.