LiamTrading – XAUUSD H1GoldOANDA:XAUUSDLiamTradingFXLiamTrading – XAUUSD H1: Adjustment structure formed, awaiting confirmation below 3685 After a surge to 375x, gold is entering a correction phase, aligning with the structural pattern. On H1, the price is clinging to the upper edge of the rising wedge, with RSI cooling off from overbought territory, indicating a growing supply pressure. Today's plan focuses on the adjustment structure, prioritizing selling upon confirmation signals. Key price zones (refer to the attached chart) Sell strong resistance 3775–3785: confluence of channel peak + 2.618 extension. Look for weakening reactions to enter short/medium-term sell orders. Buy zone volume 3726–3720: a thin support area providing momentum for a rebound. Holding this zone could push prices to retest 3750–3775; conversely, losing 3720 may lead to a deeper decline. Resistance + FVG 3715–3698: as prices drop, this area turns into supply; a failed retest here is an early signal for further decline. Confirm sell 3688–3685: closing H1 below this zone confirms a short-term downtrend, targeting a lower buy zone. BuyZone 3652–3646: confluence of channel bottom + old liquidity, expecting a strong upward reaction if revisited. Trading scenarios for reference (adhere to risk management) Sell reaction at peak: 3778–3783, SL 3792, TP 3755 → 3738 → 3722. Sell upon confirmation: wait for H1 to close below 3685, enter sell 3684–3682, SL 3696, TP 3673 → 3656 → 3648. Buy scalp based on volume: 3726–3720, SL 3715, TP 3738 → 3750 (only short-term if the larger structure remains corrective). Buy swing at strong zone: 3652–3646, SL 3639, TP 3673 → 3698 → 3712 → 3740. Operational notes Prioritize waiting for rejection/closing signals at the mentioned zones; avoid chasing orders in between. Order volume should be allocated based on confirmation levels (confirmation zone < breakdown < failed retest). Avoid excessive leverage; adjust SL according to structure when in profit. This is a personal perspective, not investment advice. If you want the fastest updates on the next XAUUSD scenarios, follow me and join my community for discussions.