XAUUSD Buyers Step In at Key Level - Momentum Stabilizes
Hello traders! Heres my technical outlook on XAUUSD (1H) based on the current chart structure. Gold is trading within a broader bullish structure after a strong impulsive rally from lower levels. Earlier, price moved inside a consolidation range, signaling accumulation before breaking out to the upside and confirming renewed buyer control. This breakout initiated a sharp bullish leg, forming a sequence of higher highs and higher lows. Following the impulsive move, XAUUSD reached the Seller Zone around the 4,400 Resistance Level, where strong selling pressure appeared. Price dropped aggressively from this area, confirming supply dominance at higher levels. After the drop, gold broke below the resistance, then performed a test and retest of the same zone, which now acts as resistance. This behavior confirms a short-term structural shift while the broader bullish trend remains intact. Currently, price is reacting around the Buyer Zone near 4,3104,320, which aligns with a key Support Level and a previous breakout area. This zone has already shown a clear reaction, with price turning around and forming a higher low above the rising Trend Line. The recent move into support appears corrective rather than impulsive, suggesting a pause within the larger bullish structure rather than a full reversal. My scenario: as long as XAUUSD holds above the Buyer Zone and respects the rising Trend Line, the bullish structure remains valid. A strong reaction from this area could lead to a move back toward the 4,400 Resistance Level (TP1). A confirmed breakout and acceptance above resistance would signal bullish continuation. However, a decisive breakdown below the Buyer Zone would weaken the structure and signal a deeper corrective move. For now, price is at a key decision area, with b