XAU/USD – Bullish Range Breakout with Pivot Support | Target in Technical Analysis (H1):
📊 Market Structure:
Gold maintains a strong bullish structure with clear Higher Highs & Higher Lows ✅, perfectly aligned with the ascending trendline 📈.
📦 Range → Breakout:
Price consolidated inside a range 🔄 and then delivered a clean bullish breakout 💥, signaling accumulation and continuation strength.
🎯 POI (Point of Interest):
Multiple POI reactions 🟢 confirm aggressive buyer interest at demand zones, reinforcing bullish conviction.
🔁 Pivot Point Flip:
The marked pivot zone has flipped from resistance into strong support 🟩 — a textbook bullish continuation signal.
🕯️ Current Price Action:
Price is holding above the pivot point and consolidating bullishly, indicating acceptance at higher levels 📌.
🎯 Upside Target Projection
🎯 Primary Target: 4,750 – 4,760
(Liquidity zone & projected resistance)
🔄 Expected Path:
Minor pullbacks inside the grey zone 🔍 ➝ continuation toward the target 🚀
❌ Invalidation Level
⚠️ A strong H1 close below the pivot support (~4,690–4,700) would weaken the bullish bias and signal possible range re-entry.
Bias: 📈 Bullish Continuation
Trade Idea: 🧠 Buy pullbacks above pivot 🟢 | Aim for liquidity at highs 🎯🚀
