GOLD SPOT (XAU/USD) 1H ANALYSIS – BULLISH STRUCTURE HOLDING STRO📈 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 ♻️
