$XAU /USD (Gold): Restoring Momentum Amid Institutional Catalysts

Gold Price (XAU/USD) is currently trading at $2,642.36, showing signs of a stable bullish recovery after a consolidation period. On the 1-hour chart, gold has successfully established a structural base at a critical support level of $2,635.80, indicating active buyers entering to maintain this zone.
Long XAU/USD
Entry Zone: $2,638.00 – $2,645.00
Stop Loss (SL): $2,624.00
Target 1 (TP1): $2,660.00
Target 2 (TP2): $2,675.00
Target 3 (TP3): $2,690.00
Market Analysis
Gold is stabilizing within a well-defined accumulation block after a corrective dip from the local peak near $2,662.33. Successful testing and quick rejection of the session low at $2,635.80 indicate strong demand in this structural support area, helping to prevent a deeper macro breakdown.
With a 24-hour high of $2,662.33, a decisive hourly candle close above the resistance line will confirm a bullish continuation setup. Restoring this short-term momentum will give bulls the leverage needed to push prices back toward the main target threshold above. #TradfiTradingChallenge #CryptoMarketDrops150KLiquidated