GOLD (XAUUSD) – 3H

Bullish Structure | Momentum Extension Phase

Gold continues to trade within a clearly defined rising channel, maintaining a strong bullish structure on the 3H timeframe. Price action remains orderly, with higher highs and higher lows intact.

The recent sharp rally has pushed Gold into a momentum extension zone, where price is now interacting with the upper boundary of the channel and Fibonacci extension levels. This typically signals temporary exhaustion, not a trend reversal.

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Market Structure Overview

• Primary trend: Bullish

• Channel structure: Intact

• Momentum: Extended, slowing

• No structural breakdown at present

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Key Levels to Monitor

Resistance

• 5,550 – 5,580 (upper channel + extension zone)

Supports

• 5,238 → Immediate structure / decision level

• 5,150 – 5,120 → Healthy corrective zone

• 4,950 – 4,900 → Major trend support

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Trend Continuation vs Risk Levels

Trend Continuation

• A sustained hold above 5,238 followed by a breakout above 5,580

• Such a move would indicate trend continuation and open room for the next impulsive leg higher

Corrective / Risk Scenario

• Loss of 5,238 increases probability of a pullback toward 5,150 – 5,120

• Only a sustained break below 5,120 would weaken the bullish structure

• Broader trend remains valid as long as 4,900 holds

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Forward Outlook

• Short-term: Consolidation or shallow pullback favored

• Medium-term: Bullish continuation remains the dominant path

• Structure-based bias stays positive above 5,120

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Positioning Perspective

At extended levels, patience is key. Pullbacks into support zones offer superior risk–reward compared to chasing price near resistance.

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Disclaimer

This analysis is for educational and informational purposes only and does not constitute financial or investment advice. Markets involve risk, and readers should perform their own analysis and risk management before making decisions.

https://www.tradingview.com/chart/XAUUSD/92xYuwZ7-GOLD-XAUUSD-3H/

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