Gold (XAUUSD) continues to trade in a strong bullish trend on the H1 timeframe after producing a series of higher highs and higher lows. Buyers remain firmly in control following the breakout from multiple RBS (Resistance Becomes Support) Structure Shifting Zones, confirming sustained bullish momentum.

Price is now testing a critical SBR (Support Becomes Resistance) Structure Shifting Zone around 4240–4260. This area is acting as a major supply zone where short-term profit-taking or a temporary pullback could occur before the next directional move.

If Gold successfully breaks and closes above this resistance, the next upside target lies within the 4360–4380 supply zone. However, a rejection from the current resistance could trigger a healthy retracement toward the 4176 (3 COB RBS Zone), where buyers may look to re-enter in line with the prevailing uptrend.

The RSI is trading near 80, highlighting strong bullish momentum but also signaling overbought conditions. While momentum remains positive, traders should watch for confirmation before chasing new long positions at resistance.

Key Levels

🟢 Immediate Support: 4176.80 (RBS Structure Shifting Zone – 3 COB)
🟢 Major Support: 4104.19 – 4068.71 (RBS Structure Shifting Zone)
🟢 Long-Term Support: 4019.03 (RBS Structure Shifting Zone)

🔴 Current Resistance: 4240 – 4260 (SBR Structure Shifting Zone)
🎯 Bullish Target: 4360 – 4380 (Major SBR Supply Zone)

Market Bias
✅ Bullish while price remains above 4176.
📈 A confirmed H1 close above 4260 could accelerate the rally toward 4360–4380.
📉 A rejection from the current supply zone may lead to a pullback into 4176, offering potential continuation opportunities if buyers defend support.

The overall trend remains bullish, but with price trading near a key supply zone and RSI in overbought territory, patience and confirmation are essential before entering new positions.

Disclaimer: This analysis is for educational purposes only and is not financial advice. Always wait for confirmation and apply proper risk management.