XAUUSD TRADE IDEA

XAUUSD H4 – Buy Analysis

Price is testing a strong support zone around 4053–4080. A bounce from this area could trigger a corrective move higher.

Buy Entry Zone:

• 4055 – 4085

Targets:

• TP1: 4111
• TP2: 4146
• TP3: 4194

Stop Loss:

• Below 4045

Confirmation:

• Bullish engulfing candle on H4
• Strong close above 4080
• Higher low formation

Summary:
A buy trade is attractive while price remains above 4053. The first objective is 4111, followed by 4146 if bullish momentum continues. The broader trend remains bearish, so treat buys as a counter-trend setup unless price breaks and holds above 4194.