XAUUSD / GOLD – 1H Buy Limit Projection
Gold is maintaining a bullish market structure on the 1-hour timeframe. Price has respected the ascending trendline and formed a strong recovery from the lower support area.
Buy Setup Logic:
Buy Limit Zone: Around 4263–4266
This area acts as a previous resistance zone that has now been broken and may turn into support.
A pullback and retest of this zone could provide a safer buy entry.
A Morning Star reversal pattern has formed near the support area, indicating strong buying pressure.
The bullish trendline further supports the continuation outlook.
Targets:
TP1: Around 4286–4288 — Resistance R1
TP2: Around 4307–4310 — Resistance R2
Stop-Loss:
Below 4252–4254
A confirmed 1H candle close below this support would weaken or invalidate the bullish setup
Gold is maintaining a bullish market structure on the 1-hour timeframe. Price has respected the ascending trendline and formed a strong recovery from the lower support area.
Buy Setup Logic:
Buy Limit Zone: Around 4263–4266
This area acts as a previous resistance zone that has now been broken and may turn into support.
A pullback and retest of this zone could provide a safer buy entry.
A Morning Star reversal pattern has formed near the support area, indicating strong buying pressure.
The bullish trendline further supports the continuation outlook.
Targets:
TP1: Around 4286–4288 — Resistance R1
TP2: Around 4307–4310 — Resistance R2
Stop-Loss:
Below 4252–4254
A confirmed 1H candle close below this support would weaken or invalidate the bullish setup
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.