XAU/USD Bullish trend analysis Read The caption

[madmax]

SMC Trading point update

Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, with a clean structure suggesting continuation toward the 200 EMA. Here's the idea summary:

---

Analysis Idea: Bullish Continuation Setup

1. Structure Overview:

Price is currently trading above the ascending trendline, showing a short-term bullish bias.

The 50 EMA (3,974.93) has recently been retested and held as support.

The 200 EMA (4,011.37) acts as the next resistance / target point.

2. Setup Logic:

After a breakout above the 50 EMA, price is forming a retest zone (highlighted box).

A bullish reaction from this zone aligns with the trendline confluence and EMA support.

This suggests buyers may step in again to push price higher.

3. Entry & Target:

Entry Zone: Near 3,974–3,978 (trendline + EMA confluence area).

Target: 4,011 (200 EMA / key resistance).

Stop Loss: Below 3,965 (below the trendline and retest box).

4. Market Psychology:

Recent candles show higher lows and strong bullish momentum after rejection from previous lows.

Break and retest of dynamic resistance (50 EMA) supports bullish continuation.

Mr SMC Trading point

---

Trade Idea Summary:

Bias Entry Zone Stop Loss Target Confirmation

Bullish 3,974–3,978 <3,965 4,011 Bounce from trendline or bullish candle pattern

---

Pelas support boost this analysis

[EmTeam]

Gold holding strong despite global uncertainty — the trend still favors bulls. 🟢

[Rimon Khan]

If momentum stays above key support, next target could surprise many.