Gold keeps pushing higher today, and the structure is finally showing what buyers wanted to see all week: clean higher highs, higher lows, and a strong ascending channel guiding the move. Both the 15-min and 1-hour charts tell the same story, this is a controlled, organized uptrend, not a random spike.
On the 15-min, price has been respecting the rising trendline almost perfectly. Every dip into the purple diagonal gets bought, and the candles keep climbing toward the next liquidity pocket at $4,185. Momentum picked up the moment price reclaimed the previous resistance at $4,160, turning it into intraday support.
On the 1-hour, the trend is even clearer. Gold has broken out of last week’s chop and is now stretching into the upper side of an ascending channel. Both the 50 SMA and 200 SMA are turning upward, showing that momentum isn’t just intraday noise, it’s broadening across the higher timeframe.
The bullish case stays intact as long as price holds above:
$4,145 (major intraday pivot)
$4,139 (trendline + SMA cluster support)
If buyers can keep price above those zones, the next upside targets line up cleanly:
$4,185 (minor resistance but lots of liquidity)
$4,210 (major HTF resistance)
$4,243 (extended upside target if momentum accelerates)
Bearish scenario?
It only comes into play if the rising trendline breaks. If Gold slips back below $4,145, the uptrend cools off and a retracement toward $4,130 to $4,100 becomes possible. But as of now, sellers have zero momentum.
Key Levels I’m watching:
Resistance: $4,185, $4,210, $4,243
Support: $4,160, $4,145, $4,139, $4,130
My Takeaway
Gold is trending strong, controlled, and clean, the complete opposite of last week’s chop. As long as price respects the ascending channel and holds above $4,145, buyers remain in full control. Watch how price reacts at $4,185, if it breaks with conviction, $4,210 becomes the next magnet.
Disclaimer: This breakdown reflects my personal market view based on current price action and data. It is not financial advice. Always do your own analysis and manage your risk accordingly. Markets move fast, trade responsibly.