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Published: 23 July 2026,06:29
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XAUUSD, H4:
Gold has confirmed a bullish trend reversal after breaking above its week-long descending trendline resistance. Following the breakout, the precious metal gathered strong buying momentum and staged a solid technical rebound from its recent low, indicating that bullish sentiment has strengthened considerably.
The breakout above the descending trendline signals a shift in market structure, suggesting that the recent corrective phase may have come to an end and that buyers have regained control of the near-term trend.
Although gold has experienced a modest technical pullback following its sharp rally, the latest price action shows that the metal has successfully held above the key $4,100 psychological support level. This suggests that the recent retracement is corrective in nature and that the broader uptrend remains intact.
As long as gold continues to trade above $4,100, the bullish outlook is expected to remain valid, with buyers likely to view any short-term weakness as a buying opportunity. Holding above this support level would reinforce confidence in the recovery and increase the likelihood of further upside in the coming sessions.
Resistance Levels: 4218.90, 4374.10
Support Levels:4100.00, 3933.25
BTC, H4
Bitcoin continues to trade above its ascending trendline, maintaining a constructive technical structure as the cryptocurrency revisits its recent high near $67,000. The series of higher lows suggests that buyers remain in control, keeping the near-term bullish outlook intact.
The $67,000 level now represents a critical resistance zone. A decisive breakout above this level would confirm the continuation of the current bullish trend, signaling that buying momentum has strengthened sufficiently to overcome a major supply area. Such a move would reinforce the bullish market structure and increase the likelihood of further gains in the coming sessions.
On the downside, the ascending trendline remains the key support to monitor. As long as Bitcoin continues to hold above this trendline, the prevailing uptrend is expected to remain intact, with any short-term pullback likely to be viewed as a healthy correction.
However, a decisive break below the ascending trendline would invalidate the current bullish structure and suggest that the recent recovery has lost momentum. In this scenario, Bitcoin could resume its broader long-term downtrend, with sellers regaining control of the market.
Resistance Levels: 67,251.35, 70,638.10
Support Levels: 63,763.80, 60,483.50
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