Gold Spot / U.S. Dollar
Long
Updated

XAUUSD (1H) – Bullish Outlook

193
📈 XAUUSD (1H) – Bullish Outlook

🔍 Chart Context:
Price: ~$3,426
Trend: Strong bullish breakout

Structure: Multiple CHoCH (Change of Character) signals followed by aggressive upward momentum
Volume & Momentum: Likely rising (volume not visible but price behavior suggests strong buyers)


🎯 Target Zones:
Target Zone Level (USD) Comment

TP1 3,450.204 First major resistance; watch for reaction
TP2 3,500.877 Final bullish target in this rally


📌 Support / Demand Zones:

Support Zone Level Range (USD) Description
Zone 1 3,380 – 3,390 Most recent breakout area (CHoCH)
Zone 2 3,340 – 3,360 Previous consolidation / BOS
Zone 3 3,300 – 3,320 Strong historical support


✅ Trade Idea Summary:
Bias: Bullish continuation
Entry Suggestion: Look for a pullback to 3,390–3,400 zone

Stop Loss: Below 3,380

Targets:

TP1: 3,450
TP2: 3,500

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