XAUUSD H1: Gold Pauses at 4,280–4,300 — Bounce or Break?

Aug 10

Hi traders,

Gold is maintaining a positive recovery structure, trading above both the EMA34 and EMA89, with recent lows trending higher. After tapping 4,340, price began a mild pullback — this looks more like a pause than a reversal signal.

I'd prefer to wait for price to pull back into the support zone around 4,300–4,320. If this zone holds and a bullish rejection candle forms on the H1 timeframe, buying pressure could return, pushing price through the 4,320–4,340 area and toward the 4,400–4,405 target zone.

No notable macro events are scheduled for today's session, so the actual price reaction at the support zone remains the most important signal to watch.

Potential buy zone: 4,300–4,320
Target: 4,405
Invalidation: H1 close below 4,270

This is not investment advice — wishing you successful trading.

Aug 10

Trade active

XAUUSD is moving closely in line with the expected scenario. Price pulled back into the support area and rising trendline, then reacted strongly and resumed its move higher. The bullish structure remains intact, with 4,405 still the next key target if buyers maintain momentum.

Aug 12

Trade closed: target reached