Gold maintains a rising structure on H1, targeting the 4158.66–4182.32 supply zone. As long as price holds above 4100, bullish momentum is expected to continue. Gold on the H1 timeframe continues to trade within a rising channel after a strong rebound off the 4030.80–4046.77 demand zone. Bullish pressure is building, pushing price toward the 4158.66–4182.32 supply zone.
Current Technical Structure Overall trend: Bullish within ascending channel
Key support: 4030.80–4046.77
Key resistance: 4158.66–4182.32
Price at chart time: 4120–4130
Price Outlook Upside continuation remains favored with interim resistance at 4155–4165 before testing 4158.66–4182.32. A clean breakout exposes 4215–4230. Failure to stay above 4100 may trigger a drop back toward 4080 or the 4030.80–4046.77 demand zone zone.
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Trend: Bullish
Buy zone: 4085–4100
Resistance zone: 4158.66–4182.32
Breakout target: 4215–4230
Risk: Weakness below 4080