GOLD 4H – Strong Breakout Above $4,200 Signals Renewed Bullish Momentum Toward Major Resistance

Gold ended the week with a decisive breakout above $4,200, reclaiming a major technical level and signaling renewed bullish momentum after an extended period of consolidation. The move suggests buyers have regained control as price pushes toward the November high. On the 4H chart, a clear series of higher lows reinforces underlying strength typically associated with continuation phases.

Despite the strong breakout, the metal now enters a critical phase where it must hold these reclaimed levels and confront a dense resistance zone overhead.

Track live gold breakout signals and key resistance zones.

Current Technical Structure

Gold has broken out of a triangle continuation pattern — a formation historically associated with measured upward moves. Based on the height of the triangle, the projected target sits near $4,330.

A short-term pullback from point C remains possible before the next leg higher. Such retracements are common and generally present buying opportunities rather than trend reversals.

On the monthly chart, the broader structure remains bullish, with price trading far above the monthly low and nearing the October high — a major psychological and technical barrier requiring strong conviction to surpass.

Next week’s high-impact US economic data — including Non-Farm Payrolls, Core PCE, and Unemployment Claims — will be key catalysts. Strong data could pressure gold via a stronger dollar, while weak data may support further upside.

For now, the bias remains bullish, but caution is warranted as price approaches a major test.

AsianForexHub Quick View

• Gold breaks out above $4,200 after weeks of compression.
• Triangle continuation pattern targets $4,330.
• Support at $4,160 must hold to confirm the breakout.
• Pullback toward $4,100 remains possible before the next move higher.
• Upcoming US data will heavily influence short-term direction.

Follow gold’s breakout levels and volatility zones with our live market tracker.