XAU/USD: Pullback Likely After Breakout Above Key Resistance

The XAU/USD market has broken above last week’s high and is now testing the 3080 resistance level. Following this strong move, a pullback appears likely before any further advance. With bullish momentum still dominant, the market may continue higher or enter a sideways phase into next week.

If a pullback occurs, the previous resistance zone, now acting as support, could offer a buying opportunity—particularly near the 3050 level. With high-impact news on the horizon, the market may either range or retrace before resuming its upward trend. The next key target is the resistance zone around 3085