The price action of XAUUSD (Gold) on a 2-hour timeframe,

Key Observations:

• Current Price: 2,928.940

• Bullish Channel: The price is moving within an upward-sloping channel.

• Highlighted Box Zone: This appears to be a potential consolidation area.

• Breakout Expectation: The price is expected to break out upwards, with a target around 2,979.350.

• Volume Data: Visible at the bottom, which helps analyze market activity.



This chart suggests a bullish momentum,