XAUUSD — Bullish Pullback Toward H1 Support

Market Pulse Gold ended the week on firmer footing, helped by easing oil prices that reduced some inflation pressure. The metal posted its first weekly gain in four weeks. However, the U.S. dollar remains firm and markets still see roughly a 55% chance of another Fed hike in October, so the macro picture is supportive but not fully bullish. What the Chart Says XAUUSD still shows a constructive H1 recovery after the strong rebound from the lower demand area. Price reached the 4,390–4,400 region, then started to pull back. This is normal after the recent bullish expansion. The main area I am watching is 4,325–4,345. This zone combines previous structure, Fibonacci support and the rising trend area. If buyers defend this zone, Gold could build another higher low and recover toward the recent highs. The first upside test remains around 4,390–4,400. A clean breakout above this resistance could open the way for a stronger continuation. Levels That Matter 4,398–4,410 — Main resistance 4,370–4,380 — Current structure 4,325–4,345 — Main pullback / support zone 4,235–4,245 — Major demand zone My Main Plan The main plan remains bullish. I prefer waiting for a controlled pullback toward 4,325–4,345 instead of chasing price near the highs. If buyers return with clear confirmation, Gold could recover toward 4,390–4,400 again. What I Need to See I want the pullback to hold above the main support zone and form another higher low. A sustained H1 break below 4,325 would weaken the immediate bullish continuation setup. Final Read The H1 recovery remains constructive, but Gold is still trading below an important resistance area. For now, I prefer waiting for the pullback and bullish confirmation before following the next move higher.