Gold is respecting a clear ascending channel on the 4H timeframe.
After forming multiple higher lows and retesting a key demand zone, price has now broken above key resistance near 3,360–3,370.
A Break of Structure (BOS) occurred earlier, followed by bullish recovery, signaling strong buyer interest.
Expecting a retest of the breakout zone and possible continuation toward the upper channel resistance (3,440–3,500).
Market structure remains bullish with momentum building.
Watching for price action confirmation on the retest.
🎯 XAU/USD Key Intraday Levels (4H TF):
Immediate Resistance: 3,400 – Minor supply & round number zone
First Bullish Target: 3,420 – Mid-channel resistance zone
Major Bullish Target: 3,440–3,450 – Upper channel resistance
🔁 Pullback / Support Zones:
First Support (Retest Area): 3,360 – Previous breakout zone
Mid Support: 3,340 – Minor structure support
Demand Zone / Strong Buy Interest: 3,320 – Last confirmed higher low
💡 Note
Watch how price behaves around 3,360–3,340 for possible bullish continuation or short-term consolidation. Deeper pullbacks into 3,320 may still maintain the bullish structure if demand holds.
https://www.tradingview.website/x/pq1navm0/
After forming multiple higher lows and retesting a key demand zone, price has now broken above key resistance near 3,360–3,370.
A Break of Structure (BOS) occurred earlier, followed by bullish recovery, signaling strong buyer interest.
Expecting a retest of the breakout zone and possible continuation toward the upper channel resistance (3,440–3,500).
Market structure remains bullish with momentum building.
Watching for price action confirmation on the retest.
🎯 XAU/USD Key Intraday Levels (4H TF):
Immediate Resistance: 3,400 – Minor supply & round number zone
First Bullish Target: 3,420 – Mid-channel resistance zone
Major Bullish Target: 3,440–3,450 – Upper channel resistance
🔁 Pullback / Support Zones:
First Support (Retest Area): 3,360 – Previous breakout zone
Mid Support: 3,340 – Minor structure support
Demand Zone / Strong Buy Interest: 3,320 – Last confirmed higher low
💡 Note
Watch how price behaves around 3,360–3,340 for possible bullish continuation or short-term consolidation. Deeper pullbacks into 3,320 may still maintain the bullish structure if demand holds.
https://www.tradingview.website/x/pq1navm0/
Trade active
Price is currently retesting the 3,360 breakout zone as expected. Holding above this level keeps the bullish structure intact. Watching for bullish confirmation to target 3,420 and 3,440 next.Note
📌 Update:Price has reached the 3,400+ zone, in line with the previously outlined breakout structure. This movement reflects continued bullish momentum within the ascending channel.
Price is now approaching a key resistance area. Holding above 3,400 may suggest potential for continuation toward 3,420–3,440. Alternatively, signs of weakening momentum at this level could indicate a short-term pullback. Price action will provide further confirmation.
Note
📌 Update:Price has reached the 3,400+ zone, in line with the previously outlined breakout structure. This movement reflects continued bullish momentum within the ascending channel.
Price is now approaching a key resistance area. Holding above 3,400 may suggest potential for continuation toward 3,420–3,440. Alternatively, signs of weakening momentum at this level could indicate a short-term pullback. Price action will provide further confirmation.
Note
Active Update:Target range from 3386 to 3430 has been successfully reached, following the breakout and bullish channel structure. Price respected the retest zone and extended as anticipated. This confirms short-term bullish momentum within the ascending trend.
Trade closed: target reached
Update:Price action has completed the projected move from 3386 to 3430, validating the breakout and channel continuation structure.
The move was supported by strong demand, structural alignment, and momentum confirmation. With price now testing the upper zone, further continuation or potential exhaustion will depend on upcoming price behavior. Monitoring for consolidation, breakout continuation, or a corrective pullback from current levels.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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.