XAU/USD 2H β€” Professional Technical Analysis

Wait 5 sec.

XAU/USD 2H β€” Professional Technical AnalysisGold / U.S. DollarFOREXCOM:XAUUSDMarketStrategysignalsπŸ† XAU/USD 2H β€” Professional Technical Analysis πŸ“ŠπŸ”₯ 🟒 Market Structure Gold remains in a strong bullish structure, supported by a clear ascending channel after breaking out of the previous bearish trend. Price is currently trading around 4,417, showing strong upside momentum. πŸ“ˆ Bullish Scenario The rising channel remains valid while price holds above the key support areas. A sustained breakout above 4,440–4,480 could open the way toward the upper channel region around 4,520–4,560. πŸš€ ⚠️ Correction Scenario Price is approaching the upper boundary of the bullish channel, where rejection is possible. The chart suggests a potential pullback toward the 4,240–4,260 Order Block (OB). This zone could become important for buyers if bullish structure remains intact. 🎯 πŸ”‘ Key Levels 🟒 Resistance: 4,440 β†’ 4,480 β†’ 4,520–4,560 🟑 Order Block: 4,240–4,260 🟠 Lower OB: 4,080–4,100 πŸ”΄ Major Support: ~3,960 🧠 Conclusion Overall bias: Bullish πŸ“ˆ, but Gold is extended near channel resistance, so a short-term correction/pullback is possible before the next major move. Confirmation around the OB zones is important before expecting continuation. πŸ”₯🎯