XAU / USD | Open Range Break Out | My Favourite StrategyGoldOANDA:XAUUSDglobuscapitasXAUUSD | 1H Pullback After Vertical Rally – Will Bulls Defend 4,030 or Is a Deeper Correction Ahead? Gold has entered a healthy correction following a powerful impulsive rally that pushed prices close to the 4,100 region. Rather than signaling a complete trend reversal, the current decline appears to be profit booking after an extended move higher. The price is now approaching an important demand area around 4,030, which could determine the next directional move. Bullish Scenario If buyers successfully defend the 4,030–4,034 support zone and momentum returns, Gold may attempt another push toward: 📍Target 1: 4,060 📍Target 2: 4,076 📍Target 3: 4,093 A bullish engulfing candle, hammer, or strong volume reaction near support would strengthen the probability of continuation. Bearish Scenario Failure to hold above 4,030 would indicate weakening buying pressure. In that case, sellers could drive price toward: 📍Target 1: 4,020 📍Target 2: 4,007 📍Target 3: 3,991 A confirmed hourly close below support would increase the probability of this corrective move. Technical Structure ✔ Strong impulsive rally ✔ Controlled pullback ✔ Higher probability support nearby ✔ Resistance created by recent rejection candles ✔ Market waiting for confirmation before the next expansion Trading Plan 🟢 Bullish Bias Wait for bullish confirmation near support before considering long positions. 🔴 Bearish Bias Only consider shorts after a confirmed breakdown below 4,030 with sustained momentum. Patience is key—let the market confirm direction rather than anticipating the breakout. Disclaimer This analysis is shared strictly for educational and informational purposes. It is not financial or investment advice. Always perform your own research, use proper risk management, and trade according to your own strategy. 🔔 Subscribe for daily market insights, swing trade setups, and institutional-style technical analysis. ❤️ Market Wisdom to Remember: ❤️ ⭐ Trade what you see, not what you assume ⭐ Follow the trend — it's your only true friend ⭐ The chart tells the real story — trust it ⭐ Emotions & assumptions have no place in trading ⭐ Capital protection comes first — always 💡 Your support matters! Like, comment, and follow to stay updated and motivated. Cheers & Trade Smart! 🚀