- XAUUSD/H1 -
📊 Market Update
- Gold has completed a liquidity sweep into the 4270 area but failed to sustain trading below this level.
- The price reaction suggests strong buyer absorption, with multiple M15 candles showing sharp rejections and no confirmed breakdown of the support structure. This indicates that sellers currently lack the momentum needed to extend the downside move.
- From a structural perspective, the 4270 zone is acting as a short-term Demand area and provides a solid foundation for a potential bullish recovery during today's session.
🎯 Trading Plan: Favor Buy setups based on Price Action confirmation.
• First target: 4342
• Extended target: 4380
⚠️ As long as price continues to hold above the 4270 Demand zone, the bullish recovery scenario remains the preferred bias.
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