Gold (XAUUSD) Monthly Chart Logical Analysis @ Shavyfxhub
Big-Picture Market Structure (1973 – 2026)
This monthly chart gives an excellent top-down view of Gold’s long-term behavior.
Key Observations:
Gold has been in a multi-decade ascending channel (red trendlines) since the 1970s.
The structure shows clear higher lows over time — classic long-term bullish market structure.
Double Top formation in 1980–1981 (near $850) followed by a long consolidation period until the early 2000s.
Strong bullish impulse from 2001 to 2011, then a multi-year consolidation.
Since 2015–2016, Gold has been in a powerful secular bull market, breaking to new all-time highs in 2025.
Current Technical Situation:
Price is consolidating just below the upper red channel line.
The green Demand Floor has been respected multiple times.
Recent price action shows Gold testing the upper boundary of the long-term channel.
The ascending trendline remains intact.
Logical Outlook:
Long-term Bullish Bias remains dominant.
As long as price holds above the major demand floor, the uptrend is intact.
A break above the upper red channel line would signal continuation of the bull market toward new highs.
Risk of pullback exists if the upper channel is rejected, but the overall structure favors bulls.
3gold #xauusd