Gold (XAUUSD) continues to maintain a bullish market structure on the H1 timeframe after a strong recovery from the RBS (Resistance Becomes Support) Structure Shifting Zone around 4016–4032. Buyers have successfully defended the demand zone and pushed price back above 4080, keeping the short-term trend positive.

Price is now approaching the major SBR (Support Becomes Resistance) Structure Shifting Zone around 4129–4135, which is a key supply area. This zone could act as a decision point where Gold either experiences a temporary rejection or confirms a bullish breakout toward the higher resistance at 4165–4179.

The RSI has recovered above 60, showing increasing bullish momentum. However, traders should monitor for any bearish divergence or rejection near the supply zone before chasing long positions.

Key Levels

🟢 Immediate Support: 4060.32 (RBS Structure Shifting Zone)
🟢 Major Support: 4032.10 – 4016.86 (RBS Structure Shifting Zone)
🔴 Resistance 1: 4129.89 – 4135.77 (SBR Structure Shifting Zone)
🎯 Bullish Target: 4165.58 – 4179.13

Market Bias
✅ Bullish while price remains above 4060.
📈 A confirmed 1H close above 4130–4135 could trigger continuation toward 4165–4179.
📉 Rejection from the current supply zone may lead to a healthy pullback into 4060 before the next bullish attempt.

The overall structure remains constructive, but the next directional move will likely depend on how price reacts around the 4129–4135 resistance zone.

Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always wait for confirmation and manage your risk.