XAUUSD/GOLD 1H BUY LIMIT PROJECTION 06.07.26Gold / U.S. DollarFOREXCOM:XAUUSDkripsonfx97XAUUSD / GOLD 1H BUY LIMIT PROJECTION (06.07.2026) – Explanation This chart suggests that Gold is expected to make one more pullback before continuing its bullish move. The overall outlook remains bullish, but the preferred strategy is to wait for price to enter the highlighted buy zone. 1. Current Market Structure The market recently formed a Bearish Engulfing candle, showing short-term selling pressure. After this bearish confirmation, price has started moving lower toward a major support area. This decline is considered a healthy pullback, not a trend reversal. 2. Entry Zone The purple highlighted area is the ideal Buy Limit zone. This zone is supported by multiple confluences: Fibonacci 0.618 retracement (4150.14) Previous support level Pullback area Since several technical factors align here, this becomes a high-probability buying zone. 3. Why Wait for This Area? Instead of buying at the current price: Let the market complete its retracement. Allow price to reach the support zone. Wait for bullish confirmation before entering. This approach improves the risk-to-reward ratio. 4. Stop Loss The Stop Loss is placed below the support zone and below the Fair Value Gap (FVG). If price closes below this level, the bullish setup becomes invalid. 5. Target Levels After a successful bounce: Target 1 (TP1): Around 4172 (Resistance R1) Target 2 (TP2): Around 4184–4186 (Resistance R2)