Gold (XAU/USD) Bullish Momentum: Key Buy Zone & Targets Identify

gold (XAU/USD) analysis on the 1-hour chart indicates a strong bullish trend with a clear buying opportunity. Here are the key observations:

**Analysis & Key Levels:**
1. **Uptrend Formation:**
- The price is consistently making higher highs and higher lows.
- A trendline is supporting the move, confirming bullish momentum.

2. **Support & Buying Zone:**
- The chart highlights a **possible buy zone** around 2,930–2,920.
- This area coincides with a prior resistance-turned-support, making it an ideal re-entry for buyers.

3. **Resistance & Target Levels:**
- **1st target:** Around **2,943** – a short-term resistance level.
- **2nd target:** Around **2,960–2,970**, indicating a higher timeframe resistance where price might slow down.

**Trading Plan:**
- A potential buy entry could be near the **support zone (2,930–2,920)** if price pulls back.
- If the price remains above the trendline, the bullish move is likely to continue toward 2,943 and potentially 2,970.
- A break below the trendline could invalidate the bullish move, leading to a deeper correction.