XAUUSD H1 – Bullish Breakout and Continuation Toward 5,240XAU/USD SpotFX:XAUUSDGems-TradesOn the 1H timeframe, Gold has completed a structural shift from consolidation to bullish continuation after reclaiming the 5,070–5,080 support zone. Market Structure Price formed a higher low around 4,880–4,900. Strong impulsive move broke above the horizontal resistance at 5,070. The former resistance has flipped into support (classic breakout–retest structure). Momentum remains bullish with higher highs and higher lows. Key Levels Support Zone: 5,070 – 5,045 Stop-Loss Area: Below 5,045 Immediate Resistance: 5,160 Target Zone: 5,218 – 5,241 Trade Logic The breakout above 5,070 confirms bullish strength. Holding above this flipped support keeps buyers in control. As long as price sustains above 5,045, upside continuation toward 5,218 and potentially 5,240 remains the primary scenario. Invalidation A clean break and close below 5,045 would weaken bullish momentum and could trigger a deeper pullback toward 5,000. Bias: Bullish continuation above 5,070.