5 days ago

#XAUUSD H4 – Higher Time Frame Analysis

📊 **#XAUUSD H4 – Higher Time Frame Analysis** 🕵️‍♂️

🔍 We drew a **Fibonacci retracement** from **June’s high (3451)** to **low (3246)**, and the **Golden Fibo level (0.618)** comes out to be around **3367**.

🎯 That’s **exactly why** we kept a **safer target at 3366** in our **yesterday’s H1 buy setup** – and it worked perfectly!
✅ Price made a high of **3365.95** before facing solid rejection from that zone.

📉 This area was critical because:

* It was a **Golden Fibo zone** ✨
* There was also a **visible price gap** on the chart ⚠️

🔄 **Current Price Action**:
After forming the day’s low, **price is now attempting to recover**. Let’s watch the H4 candle closely. 🕰️

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📌 **Two Possible Scenarios from Here:**

1️⃣ **Bullish Breakout**
➡️ If H4 candle **closes bullish above 3361**, we may witness a **deeper mitigation** of the **supply zone at 3367–3389**. 🚀

2️⃣ **Bearish Breakdown**
⬇️ If H4 candle **closes bearish below 3334**, then we may revisit the **3300 zone**.
📍 Below 3300, **3289–3276** becomes a potential **buy zone**, **if** price shows **rejection signals**. 💰

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📌 **Stay sharp, follow structure, and let price action guide you.** 🧠💡
🛑 No rush, just execution with precision.

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