GOLD 30M – Fresh Bullish Structure Forming

GOLD
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Structure | Trend | Key Reaction Zones

Gold is respecting a rising channel after a strong reversal from the previous support zone.

Clear accumulation phase led to a clean bullish breakout above intraday structure.

Current price is holding near mid-channel with space for continuation toward the Top Rejection Zone.


Market Overview
After retesting the previous support base, Gold built strong bullish momentum, forming higher highs and higher lows inside a clean ascending channel. As long as 3989–4020 remains protected, buyers may aim for a clean continuation toward 4060–4068, the next liquidity zone. Short-term consolidation is possible before the next breakout leg toward the top rejection region.

Key Scenarios
✅ Bullish Case 🚀 → 🎯 Target 1: 4048 | 🎯 Target 2: 4060 | 🎯 Target 3: 4068
❌ Bearish Case 📉 → 🎯 Downside Target 1: 4020 | 🎯 Target 2: 3989

Current Levels to Watch
Resistance 🔴 : 4060 – 4068
Support 🟢 : 4020 – 3989

⚠️ Disclaimer: For educational purposes only. Not financial advice.