Gold (XAUUSD) – 1H Day Trade Signal Gold (XAUUSD)CAPITALCOM:GOLDJunmadayagGold (XAUUSD) – 1H Day Trade Signal Gold has retraced from yesterday’s high and is currently testing a key confluence zone around the 50% Fibonacci retracement level, coinciding with the 50-period EMA. The formation of a bullish engulfing candle on the 1-hour timeframe at this support area suggests strong potential for a short-term reversal. Possible Buy Setup • Entry: Near current levels (around the 50% Fib / EMA 50 support) • Stop Loss: Below the recent swing low / key support • Target: 2R risk-reward #Gold #XAUUSD #GoldTrading #DayTrade #ForexSignal #TradingSetup