cryptogoldsignals

Gold (XAU/USDT) on the 1-hour chart is showing bullish recovery momentum after rebounding strongly from the key support zone near 4,612. Price is now climbing steadily and approaching a breakout continuation setup.

Market Structure:

Gold respected the major blue support area around 4,612–4,600, where buyers defended aggressively.

After forming a higher low near 4,690, price started a strong upward recovery.

Current price is trading around 4,740, and bullish momentum is rebuilding toward the upper resistance zone.

If price breaks above the recent resistance, continuation toward higher highs is likely.

My Trade Idea:

Position: LONG

Entry Zone: 4,735 – 4,745

Stop Loss: 4,690

Take Profit Target: 4,900

Why Long?

Strong rebound from major hourly support confirms buyer strength.

Higher-low structure suggests bullish continuation trend.

Momentum is shifting upward after correction phase.

Upside target aligns with projected breakout move toward resistance extension.

Key Levels to Watch:

Resistance: 4,855 / 4,900

Support: 4,700 / 4,612

Risk Management:

Wait for candle confirmation above current consolidation before entry. If price falls below 4,690, bullish setup weakens.

Gold remains bullish unless key support breaks — buyers currently control the trend.

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