XAU/USD – Bullish Retest & Continuation from High Pivot Zone🔍 Technical Analysis (H1)
Gold maintains an overall bullish market structure, with price still respecting the ascending trendline despite recent volatility 💪📊.
The market shows a healthy pullback from supply, followed by stabilization near a High Pivot Point, suggesting accumulation before the next move 🚀.
Key technical insights:
Price reacted strongly from the Supply Zone, causing a short-term correction 🔴
The pullback found support near the High Pivot Point, which is acting as a demand / reaction zone 🟩
Multiple POI (Point of Interest) reactions confirm active buyer presence 🟢
The structure remains bullish as long as price holds above the pivot and rising trendline 📐
Current consolidation hints at a re-accumulation phase before continuation ⏳🔥
🎯 Targets
Primary Target: 5,200 – 5,220 🎯✨
Extended Target (bullish momentum continuation): 5,240 – 5,260 🚀💰
🛡️ Key Support Zones
High Pivot Point: ~5,120 – 5,140 🟩
Trendline Support: Dynamic bullish support 📈
📌 Trade Bias
As long as price remains above the High Pivot Point, bullish continuation is favored 🐂📈.
A controlled pullback into the grey demand zone may offer buy-the-dip opportunities with favorable risk-to-reward 🛒🔥.
💡 Patience pays in trending markets — wait for confirmation, then ride the move!
Long