XAUUSD TRADE IDEA

XAUUSD (Gold) – H1

• Bias: Bullish
• Price has broken above the descending trendline and is now trading inside a rising channel, indicating bullish momentum.
• The 4,063 zone is acting as immediate support after the breakout.
• A sustained break above 4,084 is likely to trigger the next bullish leg.

Buy Setup

• Entry: 4,063–4,070 (pullback) or breakout above 4,084
• Take Profit 1: 4,084
• Take Profit 2: 4,134
• Take Profit 3: 4,166
• Stop Loss: Below 4,040

Outlook: As long as price holds above 4,063, the bullish structure remains intact, with buyers targeting 4,134 and potentially 4,166. A break below 4,040 would invalidate the bullish setup.