$XAU 1H Timeframe Analysis

XAUUSDT

Perp

5,084.13

+1.57%

Price delivered a strong impulsive move after taking liquidity from the lows. The structure is bullish, and the current price action is a consolidation above demand, which often acts as continuation before the next leg. As long as price holds above the demand zone, buyers remain in control.

Trade Plan

Bias: Long

Entry: 4645–4655

Stop Loss: 4620

Take Profit 1: 4690

Take Profit 2: 4706

Patience is required. I will only look for longs on pullbacks, not at market price.