XAUUSD/GOLD 1H BUY PROJECTION 06.11.25XAUUSD (Gold/USD) on the 1-hour timeframe, dated 06.11.25. Here’s a clear breakdown of what the analysis suggests:
🟢 Overall Bias: BUY Projection
The setup shows a bullish outlook for Gold, following a trendline breakout and retest.
🔍 Key Technical Details:
Trendline Break & Retest:
A downward (bearish) trendline was broken to the upside.
Price retested the broken trendline, confirming potential for upward continuation.
Temporary Resistance:
Around 3989–3990 level (current price area).
If this zone is broken cleanly, further upward movement is expected.
Uptrend Line (1H):
An ascending trendline is drawn, suggesting the current bullish momentum.
The projection follows this uptrend structure.
Resistance Levels:
Resistance R1: Around 4000–4010
Resistance R2: Around 4020–4030
These are potential target zones for buyers.
Support / Stop-Loss Area:
Below 3970, marked in the red shaded region, is the invalidation level if price drops below it.
🧭 Projected Path:
The arrows indicate the expected movement:
Minor pullback from temporary resistance.
Bounce off the trendline.
Continuation up through R1 and potentially toward R2.
💡 Summary:
Bias: Bullish (Buy)
Entry Zone: Near 3980–3990 after retest confirmation.
Targets:
TP1 = 4000–4010 (R1)
TP2 = 4020–4030 (R2)
Stop-Loss: Below 3970 support.
Would you like me to calculate the risk-to-reward ratio (RRR) based on these zones
