XAU/USD – Bullish Structure Intact as Price Retests Key Higher

XAU/USD – Bullish Structure Intact as Price Retests Key Higher-Low Support
Gold continues to hold a solid bullish structure on the H1 timeframe, with price forming a clean higher low around 4128–4132 and bouncing strongly along the short-term rising trendline. The 9-EMA is pointing upward, confirming steady buying momentum.
This structure indicates that buyers are preparing for the next bullish expansion as long as price stays above the 4128–4135 support base.

Key Technical Levels
Major Support
4132 – 4128: Newly formed higher low and the strongest intraday demand zone.
4060 – 4030: Deep support, only tested if a strong correction occurs.

Major Resistance
4163 – 4167: Short-term resistance that needs to break for bullish continuation.
4207 – 4210: Fibonacci extension target and main upside objective.

Price Action & Momentum
Price consistently bounces from the 9-EMA → active buying pressure.
Rising trendline remains intact → bullish momentum sustained.
Small corrective candles near 4163 reflect weakening supply.

Bullish Trading Strategies (Primary Bias)
Scenario 1 – Buy the Retest (High-Probability Setup)
Wait for price to pull back into 4132 – 4135

Confirmation signals: pin bar, engulfing, or RSI holding above 50

Entry: 4132 – 4138
Stop Loss: below 4125
TP1: 4163
TP2: 4207

Scenario 2 – Breakout Entry
Buy after a clean H1 candle close above 4167
SL: 4148
TP: 4207

Bearish Scenario (If Market Invalidates Bullish Bias)
Only consider selling if:
Price breaks and closes below 4125 (H1 close)
Downside targets: 4080 → 4060

Market Outlook
The intraday trend remains strongly bullish, with expectations for an upside continuation toward the 4200+ zone. Watch closely how price reacts around 4163–4167 to confirm the next leg up.