XAUUSD Long: Bullish Trend Intact Below the $5,000 Supply Zone
Hello traders! Here’s a clear technical breakdown of XAUUSD (1H) based on the current chart structure. Gold is trading within a well-defined bullish trend, supported by a clean ascending channel that has guided price higher from the lower levels. Earlier in the move, XAUUSD respected the lower boundary of the channel and formed a sequence of higher highs and higher lows, confirming sustained buyer control. During this advance, price entered a consolidation range, signaling temporary balance and accumulation before continuation. This range eventually resolved to the upside, triggering a strong impulsive breakout and accelerating bullish momentum. After the breakout, Gold pushed higher within the ascending channel and approached a major Supply Zone near the psychological 5,000 level. At this area, price showed hesitation and formed a fake breakout above resistance, indicating that sellers were active near the highs. Following this rejection, XAUUSD pulled back toward the mid-lower area of the channel, where previous resistance has now turned into a Demand Zone around 4,870. This zone aligns with channel support and a key structural level, making it an important area for buyer reaction. The recent dip into demand appears corrective rather than impulsive, suggesting a pause within the broader uptrend.
Currently, XAUUSD is trading above the demand zone and remains inside the ascending channel, with buyers defending structure. The market is compressing after the pullback, which often precedes continuation in trending conditions.
My scenario: as long as Gold holds above the 4,870 demand zone and continues to respect the ascending channel, the bullish bias remains intact. A renewed push higher could lead to another test of the 5,000 Supply Zone (TP1). A clean breakout and acceptance above this level would confirm trend continuation and open the door for further upside expansion. However, failure to hold demand and a breakdown below channel support would weaken the bullish setup and signal a deeper corrective phase. For now, structure and momentum continue to favor buyers. Manage your risk!
Currently, XAUUSD is trading above the demand zone and remains inside the ascending channel, with buyers defending structure. The market is compressing after the pullback, which often precedes continuation in trending conditions.
My scenario: as long as Gold holds above the 4,870 demand zone and continues to respect the ascending channel, the bullish bias remains intact. A renewed push higher could lead to another test of the 5,000 Supply Zone (TP1). A clean breakout and acceptance above this level would confirm trend continuation and open the door for further upside expansion. However, failure to hold demand and a breakdown below channel support would weaken the bullish setup and signal a deeper corrective phase. For now, structure and momentum continue to favor buyers. Manage your risk!
Operación activa
We see that gold has continued to move without correction and we have almost reached our target. Let's wait and see for further manipulations.Operación cerrada: objetivo alcanzado
We see that we have achieved our goal by waiting a little longer. The analysis worked very well.
🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.
🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.