XAUUSD 1H – Potential Recovery Scenario

Wait 5 sec.

XAUUSD 1H – Potential Recovery ScenarioGoldOANDA:XAUUSDapex_Legends005Gold has recently experienced a strong downward move, followed by consolidation near the lower area of the structure. The chart shows price holding around the 4,370–4,380 region while a possible recovery path is being mapped. The idea is based on a potential reaction from the current area, followed by a move through the nearby resistance zones. Key levels: Current area: 4,375–4,380 First objective: around 4,440 Higher objective: around 4,510–4,512 Major lower reference: around 4,310 The projected path suggests an initial reaction from the current zone, followed by a possible higher move if price develops sufficient strength. The Ichimoku cloud and recent market structure are being used as additional context.