#XAUUSD 1H

#XAUUSD 1H

1. Key Price Levels
• Current Price: $2,910.610
• Immediate Resistance: $2,914.365
• Immediate Support: $2,906.525
• Major Supply Zone: $2,936 – $2,944 (Marked in blue)
• Major Demand Zone: $2,890 – $2,898 (Marked in blue)

2. Market Structure & Price Action
• Recent Momentum: Price has been moving in an upward correction after a sharp sell-off, forming a minor consolidation near resistance.
• Rejection at Resistance: The current price action is struggling to break $2,914.365, showing early signs of exhaustion.
• Bullish or Bearish Confirmation Pending: The price is at a decision point – it can either break out higher or reject and retrace lower
Conclusion
• The market is at a critical resistance level ($2,914.365).
• A breakout could drive price toward the $2,936 – $2,944 supply zone.
• A failure to break resistance could lead to a pullback toward $2,890 – $2,898.