Gold hourly outlookHello, good day,
1H timeframe and personal outlook along with invalidation levels:
The structure is still bullish; we are at the liquidity high, and the 1H buyers’ TP has not yet been touched. (As long as the 1H candle does not close and confirm below 3548, the defined TP for 1H buyers will remain 3606).
Therefore, it can be assumed that from the marked breaker block zone, or with a slight hunt around the 3553 area, a buy trigger could appear for a liquidity grab at the high.
For the invalidation condition: if the 1H candle comes from any of these three support zones toward the high, it should not close above 3600–3606. If it only hunts liquidity, then we can consider the continuation of the move down to the internal liquidity hunt (internal choch). From there, one could again look for a buy trigger, with the 3503 level under the internal choch acting as support.
Personally, I’m watching the breaker block, 3553, and 3543 for buys at the beginning of next week to see how the market reacts to the high
