XAUUSD Technical Analysis: ATH Zone Test and Key Decision Point

Gold is consolidating just below the all-time high zone of $2,400–$2,420 after last month's explosive rally. The weekly candle shows a doji formation — indecision at resistance. Key technical levels: • Resistance: $2,400 (psychological), $2,420 (ATH zone), $2,450 (measured move target) • Support: $2,340 (breakout retest), $2,280 (major demand zone), $2,200 (monthly support) The daily RSI is at 62 — elevated but not in extreme overbought territory. This suggests more upside is possible but requires a catalyst. Bullish scenario: Hold above $2,340, retest $2,400, break to new ATH above $2,420. Bearish scenario: Weekly close below $2,340 signals correction to $2,280. What's your XAUUSD stance this week?