XAUUSD 1H Analysis: Bullish Outlook with Key Buy ZoneGold (XAUUSD) is currently trading within a well-defined range, showing signs of potential bullish continuation. Here’s a breakdown of my analysis:
1️⃣ Monitor Buy Zone
• The highlighted Monitor Buy Zone represents a key demand area where price previously found strong support.
• If price revisits this level and shows bullish price action (e.g., rejection wicks, bullish engulfing), it could provide a high-probability buying opportunity.
2️⃣ Expected Price Movements
• Scenario 1: If price respects the buy zone and bounces, I anticipate a move toward the first resistance level, which aligns with previous structure and potential liquidity zones.
• Scenario 2: If price breaks past this resistance, a retest could confirm it as new support, offering another entry for the next leg up.
• Final Target: A continuation toward higher highs, following a bullish market structure.
3️⃣ Key Levels to Watch
• Support: Monitor Buy Zone (Potential Entry Area)
• Resistance 1: Mid-range liquidity zone
• Resistance 2: Higher timeframe structure target
4️⃣ Risk Management & Confluences
• Stop Loss: Below the Buy Zone, ensuring a safe exit if price invalidates the setup.
• Confluences:
• Bullish order block alignment
• Possible liquidity sweep below prior lows
• Strong momentum from previous moves
Final Thought: I’m watching for price reaction at the buy zone before entering. A strong rejection and bullish structure break will confirm the trade.
What’s your bias on XAUUSD? Drop your thoughts in the comments!
