Gold is showing a strong bullish structure after forming a higher low near the trendline and breaking out of the consolidation zone (orange box). Price respected the ascending trendline and gained momentum, pushing into a new demand zone (blue area). Currently, the market is consolidating above support, indicating continuation potential.
The Ichimoku cloud also supports the bullish bias, with price holding above the cloud and future cloud turning positive.
**🎯 Targets:**
* **TP1:** 4,600 – Immediate resistance zone
* **TP2:** 4,640 – Previous supply reaction level
* **Final Target:** 4,680 – Marked target point (major resistance)
**⚠️ Key Support:**
* 4,520 – Demand zone
* 4,480 – Trendline + cloud support confluence
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.