Gold Spot
Long

XAUUSD 1H Analysis: Bullish Retracement from Key Support Zone

107
Key Levels

Support Zone: 4,550 – 4,595

Resistance Zone: 4,880 – 4,883

Current Price: ~4,609

📈 Trade Idea (Bullish Setup)

Entry Zone: 4,590 – 4,610

Stop Loss: 4,550

Target: 4,880 – 4,883

➡️ Risk-Reward looks strong if price holds above support.

⚠️ What to Watch

If price breaks below 4,550, bearish trend may continue.

If price breaks and holds above 4,700, bullish momentum strengthens toward target.

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