Gold Reclaim of Trendline Favors Upside Continuation To 5,250
Hello traders! Here’s my technical outlook based on the current Gold Spot / U.S. Dollar (XAUUSD, 1H) chart structure. Price has been trading within a broader bullish trend, supported by a well-defined rising trendline that has guided the market higher after a strong recovery phase. Along this path, gold moved through multiple consolidation ranges, where price paused, built liquidity, and then continued higher once buyers regained control. These ranges clearly show periods of accumulation before continuation, reinforcing the overall bullish market context. Recently, a breakout above the range initially suggested bullish continuation; however, price failed to sustain acceptance above the Seller Zone and the horizontal resistance level around 5,250, leading to a sharp rejection. This rejection resulted in a fake breakout, where price quickly reversed back into the range and dipped below the rising trendline support. Importantly, sellers were unable to maintain control below this level, and price rapidly reclaimed the structure, signaling a liquidity grab rather than a true trend reversal. The strong reaction from below confirms that demand remains active around the 5,140 support area, which aligns with previous range lows and historical reactions. Currently, price is stabilizing above the support zone and consolidating just above the broken-and-reclaimed trendline. This behavior suggests that bearish momentum is weakening and that the market is transitioning back into a bullish continuation phase. As long as price holds above the Buyer Zone and key horizontal support, the structure favors further upside. My primary scenario remains bullish while XAUUSD maintains acceptance above the 5,140 support level. A sustained move higher could lead to a renewed test of the 5,250 resistance zone, marked as TP1, which aligns with the prior rejection area and upper supply. This level may act as a reaction zone, but a clean breakout and consolidation above it would confirm trend continuation and open the door for further upside expansion. However, failure to hold above support would invalidate the bullish setup and could shift price back into deeper range consolidation. Until that happens, the market structure favors patience and continuation to the upside. Please share this idea with your friends and click Boost 🚀
Trade ist aktiv
So far, we see that the price of gold has entered a consolidation phase before the next move. The trend line is still holding, so we expect further movements.Trade wurde manuell geschlossen
We see that gold first broke the trend line, and secondly, it is forming lower highs and lows, which may indicate a change in trend.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.