Hello traders! Here’s my technical outlook on XAUUSD (2H) based on the current market structure. Gold initially moved within a clearly defined descending structure, guided by a strong supply trend line that consistently capped upside attempts and maintained bearish pressure. This phase was characterized by lower highs and impulsive selloffs, confirming seller control. The decline eventually reached a major pivot point where price reacted from a rising demand trend line, signaling the first meaningful shift in momentum. From that pivot, gold produced a structural breakout above the descending supply line, marking the transition from bearish control into early-stage recovery.Following the breakout, price entered a horizontal range, reflecting temporary equilibrium between buyers and sellers. Inside this range, multiple reactions formed without strong continuation, highlighting a balance phase rather than immediate expansion.
Currently, XAUUSD is consolidating above the 5,160 demand zone, which now acts as short-term structural support. This level aligns with prior breakout structure and the lower portion of the ascending channel, reinforcing its technical importance. Overhead, the 5,260 supply zone represents the next major resistance area and aligns with the upper boundary of the channel, creating a clear objective for bullish continuation.
My primary scenario favors further upside as long as price holds above the 5,160 demand area and remains within the ascending channel structure. A sustained move toward 5,260 appears likely, where a reaction or short-term pullback could occur. A clean breakout and acceptance above 5,260 would open the path for continued expansion higher within the channel. However, a strong rejection from supply followed by a breakdown below 5,160 and channel support would signal weakening bullish momentum and increase the probability of a deeper corrective move. For now, structure and momentum favor buyers while price remains supported inside the ascending channel. Manage your risk!
Currently, XAUUSD is consolidating above the 5,160 demand zone, which now acts as short-term structural support. This level aligns with prior breakout structure and the lower portion of the ascending channel, reinforcing its technical importance. Overhead, the 5,260 supply zone represents the next major resistance area and aligns with the upper boundary of the channel, creating a clear objective for bullish continuation.
My primary scenario favors further upside as long as price holds above the 5,160 demand area and remains within the ascending channel structure. A sustained move toward 5,260 appears likely, where a reaction or short-term pullback could occur. A clean breakout and acceptance above 5,260 would open the path for continued expansion higher within the channel. However, a strong rejection from supply followed by a breakdown below 5,160 and channel support would signal weakening bullish momentum and increase the probability of a deeper corrective move. For now, structure and momentum favor buyers while price remains supported inside the ascending channel. Manage your risk!
交易結束：目標達成
As we expected, the price of gold continues to move within the ascending channel. The target has been reached.
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