Gold continues to be the focus of investors' attention.
After strong growth in 2026, the market has moved into a consolidation phase, where the main question is not "whether to buy gold", butwhere to look for the most attractive levels to enter.
On the current XAU/USD chart, several key support areas are highlighted, from which the price can get a new impetus up.
Technical picture: where to look for purchases
Now the market is forming an upward structure with a sequence of higher lows.
Main areas of interest:
4559–4560— the first support area.
While maintaining a bullish structure, it is here that the reaction of buyers is possible.
4534–4535— a deeper correction.
The level where additional demand may appear with a short-term decline.
4510–4511— a key area of buyer protection.
Losing this level can mean a deeper correction.
XAU/USD: Key support levels to find potential entry points. The current structure shows the preservation of the uptrend.
Why the foundation remains in favor of gold
The main driver of gold now is expectations of a change in US monetary policy.
Softer Fed expectations reduce pressure on assets without returns, which include gold. At the same time, the weakness of the dollar makes the metal more attractive to international buyers.
Another important factor is the demand from central banks.
According to the World Gold Council, investment demand remains one of the main sources of growth in demand for gold in 2026, and central banks continue to support metal purchases to diversify reserves.
Why Gold May Continue to Rise
Now several factors are simultaneously working:
high uncertainty around the US budget;
record level of public debt;
demand for defensive assets;
return of flows to gold ETFs;
expectations of the Fed's policy changes.
The recent rise in gold was also supported by a decline in US bond yields and increased investor interest in assets outside the traditional financial system.
The main risk for buyers
Despite the strong foundation, gold remains an asset after strong growth.
The main risk is a sharp strengthening of the dollar or an unexpectedly tight Fed policy.
Therefore, buying after corrections to strong levels looks more rational than trying to enter after sharp impulse movements.
Main conclusion
Gold maintains a long-term bullish structure due to a combination of macroeconomic factors:
uS debt risks;
demand from central banks;
expectations for rate cuts;
investors' interest in defensive assets.
From a technical point of view, attention should be paid to the zones4559, 4534 and 4510.
The main question for the market now is: will the current consolidation become the basis for the next upward momentum?
