XAUUSD TRADE IDEA

XAUUSD (Gold) H4 Trade Analysis – Buy Bias

Market Structure: Bullish recovery after a completed falling channel breakout.

• Trend: Short-term bullish after breaking above the descending channel.
• Key Support: 4033–4072
• Major Resistance: 4139, then 4223
• Momentum: Buyers have regained control, but price is testing resistance near 4072.

Buy Setup

• Entry: 4055–4075 (on a pullback or bullish confirmation)
• Stop Loss: Below 4025
• Take Profit 1: 4139
• Take Profit 2: 4223

Alternative Scenario

If price closes below 4033, the bullish setup weakens and gold could retest 3952 before finding new demand.

Overall Bias: BUY while price remains above 4033, targeting 4139 and 4223.