GC1! Breakout Confirmation & Bullish Continuation PotentialGold FuturesCOMEX_DL:GC1!GoldenZoneFX Gold Futures Analysis – Breakout Confirmation & Bullish Continuation Potential After an extended consolidation within a descending channel, Gold has successfully broken out, aligning with the overall bullish bias evident from the broader market structure. Key Observations: Overall Bias: Bullish, supported by higher-timeframe structure and trendline confluence. Breakout Confirmation: Clean breakout above the descending channel, showing increased bullish momentum. 200 SMA Flip: Price reclaimed the 200-period SMA, reinforcing a shift in sentiment. Key Zone Retests: The market is expected to retest the previous resistance (now support) around the 3345–3350 zone before any continuation. Volume & RSI: Rising volume and RSI above 50 support further bullish continuation, with a short-term target toward the 3418 region. Plan Ahead: I anticipate a short pullback to the support zone followed by bullish continuation if price holds above the breakout structure. Follow @GoldenZoneFX For more content and valuable insights.