XAUUSD (H1) – Liam PlanUptrend intact, but signs of short-term exhaustion | Trade reactions, not impulse
Quick summary
Gold remains in a strong H1 uptrend, continuing to print higher highs and higher lows within a well-defined bullish structure. However, after the recent sharp advance, price is starting to slow near the highs, increasing the likelihood of short-term pullbacks and two-sided price action.
➡️ The broader trend stays bullish, but execution should now be level-driven and reaction-based, not momentum chasing.
Technical view
Price is currently trading at elevated levels relative to recent structure, where prior buying activity has already been absorbed.
Key price areas to watch:
Short-term sell area: 5520 – 5530
Upper resistance area: around 5600
Pullback buy area: 5405 – 5420
Primary buy zone: 5150 – 5155
The current structure favors a pullback and rebalancing phase before any sustained continuation higher.
Trading scenarios
SELL – short-term reaction trades
Look for sell reactions around 5520 – 5530 if price shows weakness.
Downside targets sit near 5420, with further extension possible if the pullback develops.
These sells are tactical and short-term, not calls for a trend reversal.
BUY – aligned with the main trend
Primary scenario
Buy pullbacks into 5405 – 5420 if the area holds.
Targets back toward 5520 and higher.
Deeper scenario
If volatility increases, wait for price to retrace toward 5150 – 5155.
This area offers the best risk-to-reward for trend continuation.
Key notes
Strong trends still correct; patience matters.
Avoid entries in the middle of the range where risk outweighs reward.
Short positions are tactical only while the broader structure remains bullish.
What’s your plan:
selling reactions near 5520 – 5530, or patiently waiting for a pullback into 5405 – 5420 to rejoin the uptrend?
— Liam
