XAUUSD 1H Bullish Channel Breakout – Triangle Consolidation GoldOANDA:XAUUSDLeoGoldFXPair: XAUUSD (Gold vs US Dollar) Timeframe: 1 Hour (1H) Bias: Bullish ⸻ Market Analysis (Full English Explanation): Gold is currently trading inside a well-defined bullish ascending channel on the 1-hour timeframe. The overall structure shows higher highs and higher lows, confirming short-term bullish momentum. 1️⃣ Previous Consolidation Phase Price formed a triangle pattern inside the channel, indicating consolidation after an impulsive move. This showed market indecision before the next breakout. 2️⃣ Triangle Breakout The price broke out from the triangle to the upside, confirming buyer strength. This breakout aligned with the channel’s upward direction, increasing the probability of continuation. 3️⃣ Range Formation After the breakout, price entered a small range near the mid-channel area. This range acts as: •A continuation pattern •Liquidity accumulation zone •Potential launchpad for the next bullish leg 4️⃣ Current Structure •Trend: Bullish •Momentum: Strong •Market Structure: Higher highs & higher lows •Support: Lower trendline of the channel •Resistance: Upper boundary of the channel ⸻ 📈 Projection Scenario If price holds above the ascending trendline and breaks above the current range resistance: ➡️ Gold is likely to continue toward the upper channel resistance. ➡️ Further bullish expansion can target new highs.