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

​The price of Gold (XAU/USD) is currently trading at $2,642.36, showing steady bullish recovery signs after a period of consolidation. On the 1-hour chart, Gold has successfully established a structural floor at the critical support level of $2,635.80, indicating that buyers are actively stepping in to defend 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 following a corrective descent from its local high near $2,662.33. The successful test and quick rejection of the $2,635.80 session low demonstrates robust demand at this structural support area, helping to prevent a deeper macro breakdown.
​With a 24-hour high sitting at $2,662.33, a decisive hourly candlestick close above the immediate resistance lines will confirm a bullish continuation setup. Reclaiming this short-term momentum will give bulls the leverage needed to push prices back toward the major overhead target thresholds.

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