XAUUSD TRADE IDEA

XAUUSD (H1)

• Bias: BUY
• Price has bounced from the lower boundary of the descending channel and is attempting a bullish breakout.
• Holding above the 4050–4055 support area keeps the bullish recovery valid.
• A confirmed close above 4060 increases the probability of continuation toward the next resistance.

Entry: 4055–4062 (after bullish confirmation)

Stop Loss: 4040

Take Profit:

• TP1: 4085
• TP2: 4100
• TP3: 4160

Invalidation: A strong H1 close below 4040 would weaken the bullish setup and could lead to another move lower.