Gold (XAU/USD) Technical Analysis – H1

Gold maintains a steady uptrend. A fresh consolidation is taking shape at the highs, this time in the form of a triangle — a typical and constructive pattern within the prevailing trend. Inside this formation we can expect one more pullback toward the lower boundary (around $4,370), followed by a fresh impulse targeting $4,400 and $4,460.

Key Levels:

□ $4,370 — Support (lower boundary of the triangle)

□ $4,400 — Target 1

□ $4,460 — Target 2

Primary Scenario:

Pullback to $4,370, then a rally toward $4,400 and $4,460.

Alternative Scenario:

Direct breakout to the upside without a prior pullback.

Analyst Commentary:

Buyers remain firmly in control.