Gold (XAU/USD) Technical Analysis – H1
Gold continues its strong uptrend on the H1 chart, with a triangle consolidation forming near the highs. A pullback to $4,370 is likely before the next leg higher toward $4,400–$4,460.
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.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.