FX.co ★ Saddique93ml | EUR/USD

According to my analysis of the XAUUSD (Gold vs USD) H1 chart, the price action reveals a clear bullish momentum followed by a corrective phase, with key technical levels guiding the next move. The chart shows gold trading near *4355.38*, which acts as the immediate resistance (red horizontal line). This level has capped recent upside attempts, making it a crucial zone for sellers to watch. The next higher resistance lies at *4369.08*, a psychological ceiling that could trigger profit‑taking if breached. On the downside, the first significant support is marked at *4314.78* (green line), where buyers have previously stepped in. Below that, an ascending trendline (black diagonal) provides dynamic support around *4287.63–4233.33*, representing the longer‑term bullish structure. A break of this trendline would signal a shift to a bearish bias. The moving average (black curve on the candlestick panel) is sloping upward, confirming the underlying bullish sentiment as long as prices stay above it. The recent spike in volume near the peak indicates strong participation during the rally, but the subsequent decline in volume during the correction suggests weakening momentum, urging caution. The RSI(14) reads *54.18*, placing the market in neutral territory just above the midpoint. This implies there is room for either direction, but the lack of overbought or oversold conditions means the next move will likely be driven by external market triggers or breakout/breakdown from the identified levels. From a risk‑management perspective, traders should define entry points carefully around the support/resistance zones. For a long position, placing a buy order above *4355.38* with a target at *4369.08* and a stop‑loss just below *4314.78* limits exposure while capturing potential upside. Conversely, a short setup would require a break below the ascending trendline, with a target toward *4233.33* and a protective stop above *4314.78*. Trading discipline dictates strict adherence to the defined risk‑reward ratio, typically 1:2 or higher, ensuring that losses are contained and winners are maximized. Position sizing should reflect the volatility of gold and the distance between entry and stop levels, keeping the overall account risk per trade below 1–2%. Monitoring volume and RSI shifts can provide early signs of momentum changes, prompting adjustments to stop levels or exiting positions before adverse moves. In summary, the H1 XAUUSD chart presents a bullish structure with pivotal levels at *4355.38* (resistance), *4314.78* (support), and an ascending trendline support zone (*4287.63–4233.33*). Successful trading requires respecting these levels, applying tight risk management (appropriate stops and position sizing), and maintaining discipline to avoid emotional decisions. Traders should watch for a breakout above *4355.38* for continuation or a drop below the trendline for reversal, adjusting strategies accordingly to align with the evolving market dynamics.