XAU/USD 1 HOUR LONG POSITION CHART TRADE PLANGoldOANDA:XAUUSDforexacademy6XAU/USD – 1H timeframe): Market Structure Overall trend: Short-term bearish, followed by a corrective pullback Price dropped strongly (impulsive sell-off), then moved inside a bullish correction channel That channel broke to the downside, confirming sellers are still in control Price is now reacting from a key demand / support zone Support Zone (Important) Highlighted yellow box = strong demand Area roughly around 4,290 – 4,300 Price already rejected once from this zone → buyers stepped in This makes the current move a technical bounce, not a trend reversal yet. Current Setup (Your Marked Trade) This is a counter-trend BUY (pullback trade) from support. Targets TP1: ~ 4,370 Previous intraday resistance Safe partial profit area TP2: ~ 4,400 Next resistance zone Completion of pullback move Stop Loss Below support → ~4,280 If price closes below this zone → bullish idea invalid Key Confirmation Signals (Watch Carefully) Bullish continuation is valid only if: Price holds above support Strong bullish candles / wicks rejecting lows No strong bearish close below 4,290