10 November 2025: Gold is showing signs of strength on the 1-hour chart. At the time of writing, price is hovering around $4015.62, and the setup is flashing a clear buy signal with an 81% confidence level. The entry zone is right around the current price, with a target at $4060 and a stop loss placed at $3988.

What’s driving this bullish outlook? The chart reveals a classic continuation setup. We’re seeing higher lows and higher highs forming cleanly, which suggests a shift in market structure. Price has just broken above a key resistance near $4005, turning it into support. Recent candles are full-bodied and decisive—buyers are clearly in control.

There’s also a zone flip in play. The area that previously acted as resistance is now holding firm as support. A mini bull flag has broken upward, and the current move resembles an impulsive Wave 3 in Elliott Wave theory, typically the strongest leg. Even without volume bars, the velocity of price action hints at increased buying interest. The $4060 level is a psychological magnet, and long lower wicks below $3980 show buyers defending dips aggressively. Momentum has been consistent across recent sessions, with prices closing higher again and again.

This setup is a textbook example of how structure alone can guide your trades. Even without indicators, the price action tells a compelling story—higher lows, reclaimed resistance, and strong bullish candles all pointing toward continuation.

Summary:
Gold is showing signs of strength on the 1H chart, with a clean breakout and upward trend building. With momentum on its side and key levels flipping into support, price looks poised for a run to $4060. Setup valid as long as price stays above $3988.

Educational Note:

This setup teaches a classic lesson: structure matters. The market gave clues through higher lows, a reclaim of resistance, and strong bullish candles—all hinting at continuation. Even without indicators, price action alone gave the signal. That’s why it’s key to train your eye to recognize these setups.
📉 This is no trading advice – for chart-based educational analysis only.

#Goldbreakout #GoldTradingSetup #Petratraders #MarketAnalysis