$WLD is showing a strong bullish shift on the 1H chart after spending hours consolidating inside a relatively tight range. Price formed a clear base around 0.4664, followed by a gradual recovery and higher lows. The latest move pushed strongly above the 0.5093 resistance area, bringing price close to the recent high at 0.5523.
The important zone now is the 0.5093–0.5200 area. If price holds above this region during a pullback, it can act as a new support zone and provide the foundation for another upside attempt.
Trade Setup
Direction: Long
Entry Zone: 0.5200 – 0.5350
Stop Loss: 0.5050
TP1: 0.5523
TP2: 0.5700
TP3: 0.5960
The bullish structure remains valid while WLD maintains higher lows and stays above the breakout area. A clean 1H close above 0.5523 could indicate continuation toward the next resistance zone, while rejection followed by a break below 0.5093 would weaken the setup.
Momentum is currently strong, but because price is trading close to the recent high, waiting for confirmation or a controlled retest can help avoid chasing the move.
Key levels: 0.5093 support | 0.5523 resistance | 0.5700–0.5960 upside targets
