Last week, I shared a 1-hour technical analysis on Gold (XAUUSD), where price was respecting a well-defined range.
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Support: 4280
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Resistance / Target Zone: 4550
At that time, price action showed strong acceptance above support, with higher-low formation on H1, indicating bullish continuation toward the upper boundary of the range.
📈 Weekly Outcome:
Gold closed the week on Friday around 4509, placing price very close to the projected resistance/target zone. The move respected the structure and momentum anticipated in the original analysis.
🔍 Key Takeaway:
This move highlights the importance of:
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Higher-timeframe structure
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Clear support & resistance mapping
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Patience in letting the market reach its objective
The market didn’t move randomly — it followed structure.
⚠️ As always, this is technical insight, not financial advice.
📌 Shared with the MQL5 community for learning and market discussion.
