Gold Analysis (XAUUSD) | 1H Timeframe
🔹 Current Status: Gold is aggressively breaking new highs and showing strong bullish moves. This suggests that we might be experiencing the best year for gold in several decades.
🔹 Scenario 1: If the price reaches 3,840 and 3,860 levels, there’s a possibility of a pullback to lower green areas (around 3,700 or 3,680). These green zones can be ideal for entering long positions with lower risk.
🔹 Scenario 2: If the price swiftly breaks through the higher levels and moves further up, it might indicate the continuation of the bullish trend. In this case, look for long positions on lower timeframes (such as 5 minutes) with confirmation from candlestick patterns and price action.
🔹 Key Points:
The price is breaking new highs and continuing the bullish trend.
Look for long positions in lower timeframes in the green zones for confirmation.
Enter long near 3,700 and 3,680 with low risk.
