XAU/USD – Bullish Correction Structure on H1GoldOANDA:XAUUSDHenrybillionXAU/USD – Bullish Correction Structure on H1, Market Preparing for an Upside Continuation Gold is forming a clean corrective retracement on the H1 timeframe after failing to break through the 4120–4140 resistance area. The recent decline is shaping a potential higher low, suggesting that the bullish structure remains intact and the market is preparing for another upward push. The price action on the chart shows a typical pattern: decline → liquidity sweep → higher-low formation → bullish continuation toward the upper resistance bands. Technical Factors Supporting the Bullish Bias 1. Trendline Structure Price is still trading above the short-term ascending trendline. The current pullback has not broken market structure, meaning the bullish direction remains dominant. 2. EMA Confluence H1 price continues to react around the EMA 50 and EMA 200, indicating a stable short-term trend. The EMAs are tightening, a signal that volatility expansion may come next. 3. RSI Stabilization RSI is pulling back toward the 40–50 zone, showing a healthy correction. There is no bearish divergence, which supports a continuation of the upward trend. 4. Fibonacci Retracement The retracement aligns well with the 38.2%–50% Fibonacci zone, a typical area where trend continuation setups form. Key Support & Resistance Levels Support Levels 4050 – 4065 → Primary buy zone, confluence with Fibo + trendline 4020 – 4035 → Major support in case of deeper liquidity grab Resistance Levels 4120 – 4140 → First resistance to break 4200 – 4225 → Main target zone as shown on the chart 4260 – 4280 → Extended target if bullish momentum strengthens Trading Strategies for Today 1. Buy the Pullback (Main Strategy) Entry: 4050 – 4065 Stop Loss: Below 4030 Take Profit: TP1: 4120 TP2: 4200 – 4225 TP3: 4260 This aligns perfectly with the V-shaped recovery formation illustrated in your chart. 2. Breakout Buy Above 4140 Entry: After a clean breakout and retest SL: Below 4110 TP: 4200 → 4225 → 4260 3. Bearish Scenario (Low Probability) Only consider selling if 4020 breaks decisively, which would shift market structure into a downtrend. Outlook Gold remains bullish in structure. Unless 4020 breaks, the market is likely preparing for an upward continuation toward 4200–4225. If you find this analysis valuable, feel free to follow along for more strategic insights.