MARKET TALK — XAU/USD

XAUUSD on the 1-hour timeframe (H1) shows a Bullish bias (Buy). Gold prices are rising and stabilizing in the range of US 4.105 - US 4.110 per troy ounce after opening with an upside gap (gap up) at the start of this week.

H1 Key Level Mapping (Trade Plan)

Based on the market structure as of today, the following critical levels can be used as entry references:

• Pivot Level (Balance Point): US 4.052.59

• Expectation Zone (Buy Entry): US 4.055.00

• Take Profit Targets: US 4.065.00 (Near TP) up to US 4.105.00 (Main Target)

• Risk Limit (Stop Loss): US 4.045.00

Price Movement Scenarios

1. Bullish Scenario (Main)

• Action: Buy on Dip.

• Trigger: Gold price holds above the Pivot line (US 4.052) or rebounds after a retest in the demand area of US 4.055.

• Target: Further strengthening will retest the daily high in the range of US 4.105 to US 4.120

2. Bearish Scenario (Alternative)

• Action: Wait and See or look for confirmation of a short-term reversal to the downside.

• Trigger: If price fails to hold above the US 4.052 area and breaks below the Stop Loss (US 4.045).

• Target: A corrective decline could bring XAU/USD toward the next structural support area at US 4.020 to the psychological level of US 4.000.

DYOR🧐

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