XAU/USD 30M Ascending Channel With Bullish Target Zone

79
Major support: around 4,655–4,660
Price reacted strongly from this blue demand zone multiple times.
Mid-range support/resistance: around 4,690–4,700
Current price is consolidating here after rejecting lower levels.
Upper channel resistance / target area: around 4,805–4,815
That highlighted “target point” zone aligns with the projected top of the ascending structure.
Trend bias: still moderately bullish while price remains above the ascending support trendline.

The setup suggests:

Holding above the diagonal support keeps the possibility of continuation toward the upper blue zone alive.
A clean break below the channel and especially below 4,660 would weaken the bullish structure and likely invalidate the upside target.

Visually, the market is compressing into a tighter range near the right side of the chart, which often precedes

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.