XAUUSD Bullish Structure Intact - $5,040 Ahead
Hello traders! Here’s my technical outlook on XAUUSD (2H) based on the current chart structure. Gold continues to trade within a broader bullish context, maintaining a sequence of higher highs and higher lows. Earlier in the move, price spent a significant amount of time consolidating inside multiple range structures, indicating accumulation before continuation. After breaking out of the most recent range, XAUUSD accelerated higher and respected a rising trend structure, confirming sustained buyer control. This bullish impulse transitioned into a rising wedge formation, where price continued to climb while compressing between the wedge support and resistance lines. During this phase, pullbacks remained corrective, and buyers consistently defended higher support levels. Recently, Gold broke above the key Buyer Zone around the 4,900 level, confirming a successful breakout and acceptance above previous structure. This level has now flipped into support and aligns with the broader Support Level marked on the chart. Price is currently consolidating above this zone while respecting the wedge support line, suggesting continuation rather than exhaustion. Above the market, a well-defined Seller Zone and Resistance Level near 5,040–5,050 stands as the next major obstacle, where profit-taking or selling pressure may emerge. My scenario: as long as XAUUSD holds above the 4,900 Buyer Zone and continues to respect the rising wedge support, the bullish bias remains intact. I expect buyers to maintain control and attempt a continuation toward the 5,040 resistance area (TP1). A clean breakout and acceptance above this Seller Zone would confirm further upside continuation and open the door to new highs. However, a clear rejection from resistance could lead to a short-term pullback toward the Buyer Zone before the next directional move. A decisive breakdown below support would weaken the bullish structure and signal a deeper corrective phase. For now, market structure and momentum continue to favor buyers. Please share this idea with your friends and click Boost 🚀
Operación cerrada: objetivo alcanzado
We see that gold had a strong momentum, even without a retest, buyers had enough fuel to break through the resistance level.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.