Gold (XAU/USD) Analysis – 1H

🏛 1. Current Market Structure

📈 During the Asian session open, gold showed a strong bullish reaction, confirming a resumption of upward momentum.
📐 The breakout of the trendline and reclaim of prior levels indicate a clear exit from consolidation.

🌍 2. Bigger Picture Outlook

🚀 This bullish impulse could now push gold towards new all-time highs, with targets above $3,500.
🗓 On Wednesday, Jerome Powell will speak – a potential rate cut is on the table, which could weaken the dollar, but might also hurt gold short-term if markets anticipate a rebound in growth.

🔍 3. Key Technical Observations

🟩 FVG 1H & OTE: Recently tapped, offering short-term support.
🟦 FVG 4H: A broader liquidity zone that has now been broken through.

🎯 4. Short-Term Expectations

📉 A pullback to the 1H OTE may occur to grab liquidity before continuation.
📈 If Asian market flows remain strong, gold could continue its momentum towards $3,500 and beyond ahead of the FED speech.

🔥 5. Upcoming Catalysts

🕰 Powell’s speech on Wednesday: High-impact event.
💸 Interest rate decision: If a cut is confirmed, gold may temporarily retrace despite a bullish longer-term outlook.
🌍 Asian session flows: Still favorable to gold, with visible liquidity spikes at session open.

✅ Conclusion

👉 The bullish recovery is now technically confirmed, with a clean structure and strong reactions at key zones.
📍 Levels to watch:

OTE + FVG 1H

The $3,500 mark

Powell’s speech as a primary macro catalyst

🔎 For now, gold remains well-supported during Asian hours, reflecting continued investor interest in uncertain times.

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