#XAUUSD H1 Analysis
Updated
As anticipated, after the bullish H1 candle close above 2513, gold made an impressive 400+ pips move, surpassing our original target of 2544! 🎯 Our take profit was around 2535, but gold exceeded expectations with a strong rally. That’s why we prioritize quality trades over quantity for bigger gains. Hope you enjoyed the ride! 🚀
🔍 What's Next?
Gold is facing rejection around the 2555 zone, which is typical behavior after reaching new lifetime highs. 📈 Historically, after trapping buyers, gold tends to correct by 300-400 pips before resuming its bullish trend. So, while we anticipate a potential dip, we won’t jump into a sell – instead, we’ll look for buying opportunities on retracements. 📉✨
If we look at the current H1 structure, price has broken higher, and a strong buying area is emerging around 2520-2513 – just above the Fibonacci 0.50% level, aligned with the H1 order block and a fair value gap. 🔑
However, note that if this zone fails to hold, gold could drop significantly, as there’s still unmitigated liquidity below. On the upside, if the H4 candle closes above 2555, we could see a further rally towards 2576. 📊🚀
#Gold #Forex #TechnicalAnalysis #Fibonacci #XAUUSD #PriceAction #OrderBlock #TradingStrategy #PipGoals .
🚫 No Trade Setup for Friday 🚫
I’ve just returned home after a long journey, and unfortunately, my health isn't great right now. 😔 There will be no trade setup this Friday. I’ll see you all on Monday after taking some much-needed rest. 💆♂️
Thank you for understanding, and I’ll be back with fresh analysis next week! 📊✅
🔍 What's Next?
Gold is facing rejection around the 2555 zone, which is typical behavior after reaching new lifetime highs. 📈 Historically, after trapping buyers, gold tends to correct by 300-400 pips before resuming its bullish trend. So, while we anticipate a potential dip, we won’t jump into a sell – instead, we’ll look for buying opportunities on retracements. 📉✨
If we look at the current H1 structure, price has broken higher, and a strong buying area is emerging around 2520-2513 – just above the Fibonacci 0.50% level, aligned with the H1 order block and a fair value gap. 🔑
However, note that if this zone fails to hold, gold could drop significantly, as there’s still unmitigated liquidity below. On the upside, if the H4 candle closes above 2555, we could see a further rally towards 2576. 📊🚀
#Gold #Forex #TechnicalAnalysis #Fibonacci #XAUUSD #PriceAction #OrderBlock #TradingStrategy #PipGoals .
🚫 No Trade Setup for Friday 🚫
I’ve just returned home after a long journey, and unfortunately, my health isn't great right now. 😔 There will be no trade setup this Friday. I’ll see you all on Monday after taking some much-needed rest. 💆♂️
Thank you for understanding, and I’ll be back with fresh analysis next week! 📊✅
Trade closed: target reached
🚀 As anticipated, after the bullish #H4 candle closed above the 2555 area, Gold surged to 2581! Our target was set at 2576, which was easily achieved, bringing in 200+ pips effortlessly! 💰📈 #ForexWins #PipGain
Mr K
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Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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