🟡 GOLD – STRUCTURAL UPDATE (3H)

🧭 Overview

This is a structural update on Gold based on the 3-hour timeframe, covering both XAUUSD and MCX Gold. This is not a trading call, but a higher-timeframe structure assessment.

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📐 Structure Position

Gold has completed a strong impulsive advance and is currently in a corrective consolidation phase. The initial pullback satisfies the minimum corrective requirement, while the broader bullish structure remains intact.

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🧠 Market Context

After near-vertical price expansion, markets often correct through time rather than depth. The present overlapping and volatile price action suggests consolidation and digestion, not structural weakness.

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🎯 Key Zones & Levels

XAUUSD (3H)

• ⛔ Supply Zone: 5,550 – 5,600

• 🟢 Key Support Zone: 5,000 – 4,950

• 🧱 Major Structural Support: 4,274

MCX Gold (3H)

• ⛔ Supply Zone: ₹188,500 – ₹193,100

• 🟢 Key Support Zone: ₹174,000 – ₹170,500

• 🧱 Major Structural Support: ₹126,200

As long as price holds above the key support zones, the higher-timeframe bullish structure remains valid.

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🔮 Expected Behaviour

• Sideways or range-bound movement is likely

• Time-based consolidation (triangle / complex correction) is favoured

• Immediate upside continuation is unlikely without consolidation

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🔄 Continuation Triggers

Bullish Continuation (Trend Resumes):

• XAUUSD: Impulsive 3H close above 5,600

• MCX Gold: Impulsive 3H close above ₹193,100

Such a move would signal completion of consolidation and continuation of the broader uptrend.

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⚠️ Invalidation / Risk Levels

Structure Weakens If:

• XAUUSD: Sustained 3H close below 4,950

• MCX Gold: Sustained 3H close below ₹170,500

A breakdown below these levels would open the door for a deeper and more complex corrective phase.

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✅ Conclusion

Gold remains in a strong higher-timeframe bullish structure and is currently undergoing a healthy consolidation phase. Patience is required, as consolidation is a normal process before the next directional move.

📌 Disclaimer

This analysis is for educational and informational purposes only. It reflects a structural market view, not a trading or investment recommendation. Markets involve risk. Please manage risk according to your own judgment.

https://www.tradingview.com/chart/XAUUSD/xZniuPhA-Gold-XAUUSD-MCX-3H-Structure-Update/

https://www.tradingview.com/chart/GOLD2!/WfzoxzVR-Gold-MCX-3H-Structure-Update/

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