📈 GOLD SPOT (XAU/USD) 1H ANALYSIS – BULLISH STRUCTURE HOLDING STRONG! 🚀✨
🔍 Overview:
Gold is currently trading within a well-defined ascending channel 📊, showing clear bullish intent. Price action has respected the lower channel support, bouncing strongly from a key demand zone highlighted in blue.
🟦 Support Zone:
The price is consolidating just above the $3,385–$3,390 support zone 🛡️, which has acted as a springboard multiple times in the past. This area aligns perfectly with the lower trendline, increasing its reliability.
📍 Key Price Targets:
🎯 $3,402 – First breakout confirmation and minor resistance.
🎯 $3,422 – Mid-level target, possible resistance.
🎯 $3,452 – High-probability target if bullish momentum continues.
🎯 $3,460+ – Extended target aligning with the channel top.
📈 Technical Structure:
Price is respecting higher lows and higher highs, maintaining bullish momentum.
A breakout above $3,402 could trigger the next leg up.
Market is forming a bullish flag/pennant consolidation—potential breakout pending ⏳.
⚠️ Risk Zone:
A break below the demand zone and the channel could invalidate the bullish setup ❌. Close monitoring of lower structure is essential.
✅ Conclusion:
As long as price holds above the key support zone and within the ascending channel, bullish continuation remains the favored scenario. A breakout above interim resistance levels could send Gold toward $3,450+! 🌟📊
🔔 Watch for bullish confirmation candles or volume spikes before entry!
📅 Chart published: June 18, 2025 | XAU/USD | 1H timeframe
🧠 Strategy: Bullish breakout play 📈
💡 Sentiment: Moderately Bullish ♻️
🔍 Overview:
Gold is currently trading within a well-defined ascending channel 📊, showing clear bullish intent. Price action has respected the lower channel support, bouncing strongly from a key demand zone highlighted in blue.
🟦 Support Zone:
The price is consolidating just above the $3,385–$3,390 support zone 🛡️, which has acted as a springboard multiple times in the past. This area aligns perfectly with the lower trendline, increasing its reliability.
📍 Key Price Targets:
🎯 $3,402 – First breakout confirmation and minor resistance.
🎯 $3,422 – Mid-level target, possible resistance.
🎯 $3,452 – High-probability target if bullish momentum continues.
🎯 $3,460+ – Extended target aligning with the channel top.
📈 Technical Structure:
Price is respecting higher lows and higher highs, maintaining bullish momentum.
A breakout above $3,402 could trigger the next leg up.
Market is forming a bullish flag/pennant consolidation—potential breakout pending ⏳.
⚠️ Risk Zone:
A break below the demand zone and the channel could invalidate the bullish setup ❌. Close monitoring of lower structure is essential.
✅ Conclusion:
As long as price holds above the key support zone and within the ascending channel, bullish continuation remains the favored scenario. A breakout above interim resistance levels could send Gold toward $3,450+! 🌟📊
🔔 Watch for bullish confirmation candles or volume spikes before entry!
📅 Chart published: June 18, 2025 | XAU/USD | 1H timeframe
🧠 Strategy: Bullish breakout play 📈
💡 Sentiment: Moderately Bullish ♻️
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
Related publications
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.
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
Related publications
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.