MASON XAUUSD – Gold Holds Bullish Structure At Weekly Open

XAUUSD is trading around 4,181 at the start of the week after holding above the recent breakout structure. Price remains inside the rising trendline channel and above the Ichimoku support area, so the short-term bias is still bullish.

The priority view remains buy on pullback, especially if gold retests the 4,172–4,177 buy order zone and continues to hold above the key support area.

Technical View
Gold is still showing a bullish structure after the strong recovery from the 3,960 area. The market has created higher highs and higher lows, which shows that buyers are still controlling the short-term direction.

Price is currently moving inside a rising trendline channel. This channel is important because it shows the path of the bullish momentum. As long as gold holds above the lower trendline, the upside structure remains valid.

Ichimoku also supports the bullish view. Price is trading above the Ichimoku structure, while the cloud and Ichimoku lines below price may now act as dynamic support. This means pullbacks are still healthier than chasing price at resistance.

The 4,172–4,177 area is the key buy order zone on the chart. If gold pulls back into this zone and forms bullish rejection, it may confirm another higher low before continuing higher.

The 4,155 area is the key support zone. If price stays above this level, buyers still have the advantage. A breakdown below 4,155 would weaken the bullish structure and may create a deeper correction.

The main upside target remains the psychological resistance zone around 4,270–4,280, which also aligns with the Fibonacci 2.618 extension area. This is the next major zone where price may react.

Key Zones
Current price: 4,181
Buy order zone: 4,172–4,177
Key support zone: 4,155
Ichimoku support area: 4,093–4,052
Short-term resistance: 4,190–4,200
Psychological resistance zone: 4,270–4,280
Fibonacci extension target: 2.618
Invalidation: below 4,155

Trading Plan
Buy Priority: 4,172–4,177
Condition: wait for bullish rejection, higher low formation, or price holding above the rising trendline and Ichimoku structure.

SL: below 4,155
TP1: 4,200
TP2: 4,240
TP3: 4,270–4,280

Alternative Scenario
If gold breaks above 4,200 directly, wait for a retest of this level as support before looking for continuation toward 4,240 and the psychological resistance zone.

Sell View
Sell is not the priority while price stays above the rising trendline, the buy order zone, and the Ichimoku structure. A sell setup only becomes safer if gold breaks below 4,155 and fails to recover back above the key support zone.

Final View
Overall, gold continues to hold a bullish structure at the start of the week. The cleaner plan is to wait for a pullback into the 4,172–4,177 buy zone instead of chasing price near resistance. If this zone holds, the next upside focus remains 4,200, 4,240, and 4,270–4,280.

Will gold retest the buy order zone first, or continue directly toward the psychological resistance area?