XAU/USD Technical Analysis (2H)

Jul 19

📊 XAU/USD Technical Analysis (2H) – Bullish Reversal Loading? 🚀💰

Gold is currently trading inside a descending channel while respecting a well-defined bearish trendline. Recent price action suggests buyers are attempting to regain control after defending a major liquidity zone.

🔍 Market Structure
📉 Price remains below the bearish trendline, keeping the broader trend under pressure.
🔄 A Change of Character (CHoCH) near the lower channel signals weakening bearish momentum.
💧 The highlighted liquidity area (3,950–3,970) continues to attract strong buying interest.
📈 Current recovery indicates buyers are building momentum for a potential breakout.
🎯 Bullish Scenario
✅ A successful retest of the current support could trigger another upward leg.
🚀 A decisive breakout above the descending trendline would confirm bullish strength.
🎯 Target 1: 4,080
🎯 Target 2: 4,120
🎯 Final Target: 4,219 (Major Resistance Area)
⚠️ Bearish Risk
❌ Failure to hold above 4,000 could send price back toward the liquidity zone before any sustained bullish move.
🧠 Conclusion

The overall structure remains cautiously bullish as long as buyers defend the current support. A confirmed breakout above the descending trendline would significantly increase the probability of a rally toward the 4,219 resistance zone. 📈🔥

Jul 21

Trade active

🚀 **Trade Progress Update** 📈

The analysis is playing out exactly as expected and continues moving toward the take-profit target. Stay patient and let the setup unfold. 🎯✅

Jul 21

Trade closed: target reached

🎯 **TP Hit Successfully!** The market respected the setup perfectly and reached the target as projected. ✅📈