TradingView Summary
Gold (XAUUSD) is maintaining a bullish H1 structure, with price continuing to trade above the major RBS (Resistance Becomes Support) Structure Shifting Zone around 4303.63. The recent bullish move has kept higher lows intact, while price is now consolidating directly below a key SBR resistance zone.
The main resistance area is around 4362–4370, marked as an SBR Structure Shifting Zone + RSI Divergence. This is the most important decision area for the next move. A confirmed H1 breakout and close above this zone could open the path toward the higher SBR zone around 4455–4476.
On the downside, 4303.63 is the first important support. If this level holds, the bullish structure remains valid and buyers may attempt another breakout. A deeper correction could target 4178.42–4151.15, which is marked as an important RBS Structure Shifting Zone with 3 COB.
🔑 Key Levels
🔴 Major Resistance: 4362.76 – 4370.66
🎯 Higher Target: 4454.99 – 4476.39
🟢 Immediate Support: 4303.63
🟢 Major Support: 4178.42 – 4151.15
🟢 Deeper Support: 4104.19 – 4068.71
📊 RSI Analysis
RSI is currently around 60, showing that bullish momentum remains positive but is not yet in an extreme overbought condition. The chart also highlights RSI divergence, so rejection from the 4362–4370 resistance zone should be monitored carefully.
📈 Market Bias
Bullish above 4303.63.
A confirmed breakout above 4370 can strengthen the bullish continuation toward 4455–4476.
However, rejection from the 4362–4370 SBR zone could lead to a pullback toward 4303, and a break below 4303 may expose 4178–4151.
Overall Bias: 🟢 Bullish above 4303 | 🔴 Correction risk below 4303
This analysis is for educational purposes only and should not be considered financial advice. Always wait for confirmation and manage risk properly.