LiamTrading – XAUUSD H1 | Monday Scenario GoldOANDA:XAUUSDLiamTradingFXLiamTrading – XAUUSD H1 | Monday Scenario Wait for gold to retest the upper trendline before choosing a direction Quick Overview On the H1 chart, gold is still oscillating within a triangle pattern with a descending upper trendline and a gradually rising lower trendline. In my opinion, the price still needs an upward move to retest the upper trendline – coinciding with the FVG + POC Volume Profile area – before deciding to create a new trend (either breaking upwards or continuing to decline). Regarding the USD, many Fed officials have started signaling a potential rate cut, but remain very cautious. UBS and Barclays both lean towards the scenario of the Fed cutting rates in December if upcoming data continues to be weak. This makes it difficult for the USD to break out too strongly, creating room for gold to technically rebound to resistance areas. Technical Analysis H1 Current structure: price is moving sideways accumulating, with lower highs following the descending trendline, and lows supported by the lower trendline. Area 4079–4081: FVG + POC Volume Profile. Coinciding with the upper trendline → a very strong resistance convergence area, suitable for a sell scenario based on reaction. Nearest support area: around 4040–4035; if this area breaks, the likelihood of the price returning to test 4010–4000 is quite high. A clear bullish reversal signal is only evident if the Dow structure increases again, at least when the price breaks above and holds above 4061 and then surpasses the descending trendline. Reference Trading Scenario Sell at FVG + POC + trendline (priority) Entry: 4079–4081 SL: 4086 TP: 4060 → 4045 → 4010 Logic: The price is expected to be pushed up to fill the FVG and touch the POC/trendline before sellers return. This area converges many technical factors, so the win rate is better compared to selling in the middle of the sideways range. Buy when the bullish structure is confirmed Condition: price breaks above 4061 and closes the H1 candle holding above this area, while also escaping the descending trendline. Reference Entry: 4061–4068 (retest the breakout area) SL: 4050 TP: 4095 → 4130 → 4150 At that point, the triangle pattern is broken upwards, the Dow increase returns, prioritizing buying according to the new trend instead of trying to sell the top. Trading Notes Areas for short scalping: 4060, 4040, 4010, 4130 – always wait for clear candle reactions on M5–M15 before entering orders. Each order should only risk 0.5–1% of the account; when the order reaches about 1R, move SL to breakeven to protect capital. If you have a different scenario for XAUUSD H1 today, leave a comment and follow the LiamTrading channel to update the daily gold plan on TradingView.