XAUUSD (Gold) – 3H Analysis

Gold is currently trading near 4183–4185 and is approaching a major breakout zone.

📍 Key Zone: 4246

🔺 Breakout Confirmation: A strong close above 4246 and the descending trendline (red line) will confirm bullish momentum.

Structure Insight

• The chart shows a contracting triangle / wave 4 structure, and price is pushing towards the upper boundary.

• If price breaks out from the triangle, we may see the start of wave 5 impulse upside.

Upside Targets

• 4430

• 4555

• 4734

• 4925

• 5130++

Support Levels

• 4080–4100

• 3886

Bullish Bias

As long as price sustains above 4080, the view remains bullish.
Buy-on-dips strategy valid until support breaks.

📌 Break & Retest of 4246 = Strong Buy Setup

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Summary

🚀 Bullish breakout expected above 4246
🎯 Wave 5 target zones: 4430 → 4555 → 4734 → 4925 → 5130+
⚠️ Invalidation below 4080

https://www.tradingview.com/chart/XAUUSD/ClrXDWkb-XAUUSD-Gold-3H-Analysis/