Gold (XAUUSD) continues to display a strong bullish structure on the 1-hour timeframe. The recent price action shows a clean breakout from previous consolidation, followed by a series of bullish candles confirming sustained upward momentum.
Price Structure & Momentum
The current trend is defined by:
A sequence of higher highs and higher lows, a classic hallmark of bullish market conditions.
A breakout above previous congestion zones, signaling that buyers have taken firm control.
Volume and price action both support the breakout, indicating this is not a false move but a momentum-driven trend continuation.
Each pullback has been shallow and short-lived, further confirming buyer dominance. There's no sign of exhaustion yet, and the price is steadily climbing with bullish conviction.
Target 1: 3350
This level represents the next natural price objective. It aligns with the upper boundary of the current short-term channel and is within reach given the recent pace of movement.
Reaching 3350 would:
Confirm the strength of this breakout.
Potentially act as a short-term pause or reaction zone, where traders might partially lock in gains.
Expect some consolidation or minor retracement near this level, but unless bearish pressure steps in sharply, momentum favours continuation.
Target 2: 3400
The second target at 3400 stands as a psychological round number and a key technical extension based on Fibonacci projections and recent impulse wave measurements.
A move toward 3400 would:
Price Structure & Momentum
The current trend is defined by:
A sequence of higher highs and higher lows, a classic hallmark of bullish market conditions.
A breakout above previous congestion zones, signaling that buyers have taken firm control.
Volume and price action both support the breakout, indicating this is not a false move but a momentum-driven trend continuation.
Each pullback has been shallow and short-lived, further confirming buyer dominance. There's no sign of exhaustion yet, and the price is steadily climbing with bullish conviction.
Target 1: 3350
This level represents the next natural price objective. It aligns with the upper boundary of the current short-term channel and is within reach given the recent pace of movement.
Reaching 3350 would:
Confirm the strength of this breakout.
Potentially act as a short-term pause or reaction zone, where traders might partially lock in gains.
Expect some consolidation or minor retracement near this level, but unless bearish pressure steps in sharply, momentum favours continuation.
Target 2: 3400
The second target at 3400 stands as a psychological round number and a key technical extension based on Fibonacci projections and recent impulse wave measurements.
A move toward 3400 would:
Trade active
Trade active from 3305Note
First Target (3350) done Trade closed: target reached
First Target (3350) ReachedSecond Target (3400) Reached
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.