XAU/USD 1H – Bullish Continuation from Demand Zone .Key Observations:
Uptrend Structure:
Price has been consistently making Higher Highs (HH) and Higher Lows (HL), confirming an overall bullish market structure.
Break of Structure (BOS) levels confirm continuation of the trend.
Market Structure Shift (MSS):
Recently, price created a short-term shift downward (MSS) but retraced into a POI zone (demand area) near 3,646 – 3,659.
Current Setup:
The price bounced from the POI zone and is now recovering upward.
A long position was marked with entry near 3,659, Stop Loss at 3,646, and Target around 3,709.
Bias:
As long as price holds above 3,646 (POI zone), bullish continuation is favored.
If broken below 3,646, bearish correction could extend further.
