Mobarok Hossain
April 25, 2024
Gold (XAUUSD) remains in a well-defined bullish expansion on the 1-hour timeframe. Following the break above previous structural resistance at $4,315.70, price is currently forming a high-probability retest structure before targeting upper liquidity pools around $4,387.
Technical Structure & Bias
| Parameter | Level / Zone |
| Market Bias | Bullish Continuation |
| Key Point of Interest (POI) | $4,315.70 |
| Major Demand Floor | $4,260.00 – $4,280.00 |
| Upside Target (TP) | $4,387.90 |
Trade Execution Criteria
Retest & Rejection: Monitor price action around $4,315.70. We require price to wick into or slightly below this level to grab sell-side liquidity without accepting lower prices.
Candle Body Rule: The 1-hour confirmation candle must close above $4,315.70. A body close below this level invalidates the immediate retest setup.
Entry Timing: Open a Long position on the market open of the candle following the valid rejection.
Invalidation: A 1H body close below $4,315 signals potential deeper retracement toward the $4,260 demand zone.
Trade Management
Target C: Primary take-profit target is set at $4,387.91, lining up with upper-timeframe institutional supply.
Risk Control: Risk must be capped strictly below the liquidity sweep wick. Always calculate position size relative to your account risk rules.
