XAUUSD / GOLD – 1H Buy Limit Projection
Gold is currently trading near 4116.60, but the chart expects a temporary pullback before the next bullish move.
Buy Setup
Buying Zone: 4101.50 – 4107.00
This zone is supported by:
0.50 Fibonacci level: 4109.12
0.618 Fibonacci level: 4101.53
Rising 1H uptrend line
Previous resistance that may now act as support
The ideal scenario is for price to retrace into this zone, show bullish rejection, and continue higher.
Target Levels
TP1: 4122 – 4123
First resistance level.
TP2: 4140 – 4142
Major resistance and the main projected target.
A strong breakout above 4142 could continue the bullish trend toward 4148–4150.
Stop-Loss / Invalidation
The chart suggests the main protective stop should be placed below the strong support around 4080.
A confirmed 1H candle close below 4101.50 would weaken the immediate buy setup. A break below 4080 would invalidate the bullish structure completely.
Gold is currently trading near 4116.60, but the chart expects a temporary pullback before the next bullish move.
Buy Setup
Buying Zone: 4101.50 – 4107.00
This zone is supported by:
0.50 Fibonacci level: 4109.12
0.618 Fibonacci level: 4101.53
Rising 1H uptrend line
Previous resistance that may now act as support
The ideal scenario is for price to retrace into this zone, show bullish rejection, and continue higher.
Target Levels
TP1: 4122 – 4123
First resistance level.
TP2: 4140 – 4142
Major resistance and the main projected target.
A strong breakout above 4142 could continue the bullish trend toward 4148–4150.
Stop-Loss / Invalidation
The chart suggests the main protective stop should be placed below the strong support around 4080.
A confirmed 1H candle close below 4101.50 would weaken the immediate buy setup. A break below 4080 would invalidate the bullish structure completely.
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.