Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. Gold previously moved inside an ascending channel, forming higher highs and higher lows until reaching the upper boundary, where price showed a clear rejection and reversed. Currently, XAUUSD broke below the range and seller zone around 4,670, then found support near the 4,530 buyer zone, where price already reacted with a bounce. The market is now forming a short-term ascending structure with higher lows, supported by a rising trend line. As long as price holds above the 4,530 support and respects the ascending trend line, the bullish bias remains valid. A continuation from this structure could push gold back toward the 4,670 resistance (TP1), which aligns with the previous seller zone. Please share this idea with your friends and click Boost 🚀
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