Gold Spot / U.S. Dollar
Long
Updated

XAUUSD 1-hour bullish analysis for buy zone

69
Timeframe: 1-Hour (H1) XAU/USD

Current Price: Around 3338

Strategy: Bullish continuation from a fair value gap (FVG) zone with a potential breakout towards resistance.

✅ Bullish Trade Setup Details

Element Price Zone / Level

Entry ~$3,339.95
Stop Loss ~$3,321.58 (below FVG)
Target ~$3,367.06 (previous highs)


Key Chart Elements:

1. FVG Fair Value Gaps

Multiple FVG zones are highlighted below current price, showing strong bullish imbalance areas liquidity voids

These zones support bullish continuation.



2. Resistance Zone:

Around $3,367.06, previous double top marked as a key resistance zone.

Price may pause or reverse here unless strong bullish momentum breaks through.

3. Volume Profile:

High volume node near the entry zone, showing strong buyer interest around $3,330–$3,340.

Trade Idea

Summary of Strategy

Bias: Bullish (Buy)

Conditions for Entry: Wait for price to pull back into entry zone (~$3,330–$3,340)

Risk-to-Reward: Good R:R ratio, roughly 1:2 or better

Invalidation: If price closes below the FVG zone and stop loss (~$3,321.58), the bullish setup is invalidated.


Final Notes

Aggressive entry could be at market price.

Safer entry: Wait for a bullish confirmation candle within the FVG or support zone.

Watch volume at entry zone — low volume rejection may strengthen the setup.

Would you like me to update this with a potential short setup scenario too?
Trade closed: stop reached
stop loss is reached

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