Gold Is Not Done — H1 Structure Favors Continuation

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Gold Is Not Done — H1 Structure Favors ContinuationGoldOANDA:XAUUSDGold_DominatorHello everyone, On the H1 timeframe, the key focus right now is not the short-term hesitation, but the fact that gold has successfully transitioned from a corrective phase into a recovery structure and is now reacting constructively below resistance. After the sharp sell-off earlier in the session, price found strong demand inside the 4,280–4,300 support zone, where selling pressure was fully absorbed. The impulsive rejection from this area marked a clear structural low, followed by a steady sequence of higher lows. This confirms that the downside move has already completed and that the market is now in a rebuilding phase. From a structural perspective, gold has reclaimed multiple intraday levels and is currently trading above the 4,350–4,360 area, which previously acted as resistance. This level has now flipped into short-term support, indicating acceptance at higher prices. The current pause just below the 4,400–4,405 resistance zone is therefore a reaction point, not a sign of weakness. The projected paths drawn on the chart reflect realistic scenarios rather than predictions: - A shallow pullback toward the 4,350–4,370 region to retest demand, followed by continuation higher. - If momentum persists, acceptance above 4,405 would open the door for a push toward 4,450–4,480, and potentially higher toward the upper resistance cluster. - Only a clean breakdown back below 4,330 would invalidate the bullish continuation structure and shift the market back into range behavior. Importantly, price action remains orderly, with no impulsive selling and no expansion to the downside. This tells us that current consolidation is part of a trend continuation process, not distribution. As long as gold holds above the reclaimed support levels, the path of least resistance remains to the upside. Wishing you all effective and disciplined trading.