XAUUSD — 4,563 Holds the Breakout

XAUUSD — 4,563 Holds the Breakout

Gold is moving with that strong bullish pressure again, but the chart is also starting to feel stretched enough that I do not want to chase every candle at the top.

Price has pushed firmly above the old structure, printed another BOS, and is now trading around the 4,590 area. That tells me buyers are still in control. The important detail is not only the rally itself, but how gold kept holding above the key reclaim level near 4,563.527 after breaking higher. For newer traders, this is where the story becomes simple: when price breaks a structure, pulls back, and holds above the broken level, that old resistance can turn into support.

My main view is still bullish while gold holds above 4,561 - 4,563. The daily picture also supports the move, with price staying well above the 20 EMA around 4,325 and momentum still strong. But RSI is getting close to overbought territory, so I would expect the market to breathe at some point instead of moving in a straight line.

If gold holds the 4,563 reclaim area, the next area price may try to hunt is 4,610 - 4,620 first. Above that, the final liquidity target around 4,640 - 4,650 becomes the next zone where I would watch for a reaction.

This bullish idea becomes weak if gold loses 4,563 and fails to recover. A deeper correction could bring price back toward the FVG retest support around 4,445 - 4,455 before buyers try to rebuild.

Key price zones to watch

Current reaction area: 4,590 - 4,595

Main demand / key reclaim level: 4,561.492 - 4,563.527

Bullish confirmation zone: clean hold above 4,563.527

First breakout target: 4,610 - 4,620

Final liquidity target: 4,640 - 4,650

FVG retest support: 4,445 - 4,455

Lower support if buyers fail: 4,325 - 4,330

Invalidation: clean close below 4,563

Do you think gold can push straight toward 4,640, or does price need to retest 4,563 first before the next bullish leg?