#XAUUSD #GOLD This 1H is showing consolidation / pullback before next leg up. $4,286 sitting at support.
Here's the breakdown:
Blue line $4,244.55 = Your bottom / liquidity sweep zone from yesterday. That held, double bottom printed.
Pink zone $4,287-$4,290 Key flip zone. It was resistance on 24th, then support on 25th. Price pumped to $4,315, rejected, and now coming back to retest that same pink zone.
Price now $4,286.18 = Right at the pink zone edge. This is healthy. That long wick down to $4,250 at 12:00 today was a fakeout, buyers defended $4,244.
Blue line $4,347.49 = Final ATH target, your $4,375 area from earlier.
Direction:
- *Short term: SIDEWAYS / slight bullish. We are at support. As long as $4,280 holds, no need to panic.
- Main trend still BULLISH.* The structure is higher lows since $4,244 -> $4,262 -> $4,275 now.
What to watch:
If $4,286 holds and you get a green candle closing above $4,291, next push is $4,315 break to $4,347.
If it breaks below $4,280, it will sweep $4,260 again before pumping. That's your last long opportunity.
Don't short here. Either long the pink zone hold, or wait for $4,315 BOS confirmation.