XAUUSD H1: Buyers Still Have the Advantage

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XAUUSD continues to maintain a fairly clear bullish structure on the H1 timeframe, with pullbacks still forming higher lows and price remaining above both EMA34 and EMA89. After breaking above the 4,290–4,305 resistance zone, price is now showing signs of slowing down, but there is still no clear signal that the bullish structure has been broken.

The key area to watch is 4,290–4,305, which is now acting as the nearest support and is also located close to EMA34. If XAUUSD retests this area and continues to hold above it, I expect buying pressure to return, pushing price back toward the recent high before potentially extending toward the 4,386 resistance area.

The bullish scenario would weaken if price breaks below 4,290 and remains firmly beneath the breakout zone. In that case, a deeper correction toward the EMA89 area around 4,235–4,240 would need to be considered.

This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.

Wishing you successful trading!

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