XAUUSD (Gold) – 1H Chart Analysis & Trade Idea

Feb 9

Gold is currently trading within a short-term bullish structure after forming a clear reversal from the recent swing low. The price action shows higher highs and higher lows, supported by strong bullish momentum.
Technical Overview


Price previously sold off aggressively but found strong demand near the marked swing low, forming a V-shaped reversal.


After the reversal, gold broke above minor structure and continued to climb, confirming bullish continuation.


The current price is approaching a key resistance zone, which has been marked as the potential entry area.


This resistance zone also aligns with prior supply, increasing the probability of a short-term pullback.


Trade Idea


Entry: Sell from the marked resistance zone near 5,055–5,060


Stop Loss: Above the upper red zone (above resistance / liquidity area)


Target: The marked green demand zone around 4,900


Bias


Short-term: Bearish from resistance (pullback expected)


Invalidation: A strong bullish close above the resistance zone would invalidate the short setup and suggest continuation to higher levels.


This setup is based on support & resistance, market structure, and price reaction zones. Always wait for confirmation and manage risk accordingly.

Feb 10

Trade active