
Gold (XAU/USD) 1H Technical Breakdown - 21/05/2026
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Market Structure:
CHoCH spotted → signals a potential shift from bearish to bullish momentum.
BOS confirmed → buyers breaking prior resistance, strengthening the bullish case.
Key Zones:
Supply Zone (red): Sellers previously dominated here. Watch for rejection if price revisits.
Demand Zone (green): Strong buying interest. Holding this zone supports continuation upward.
Fair Value Gap (gray): Price often retraces into FVG before resuming trend.
Fibonacci Confluence:
Retracement cluster around 4,525 USD (0.382–0.786).
Holding above 0.5–0.618 strengthens bullish bias.
A break below 0.786 risks deeper correction.
Projection:
If demand holds and BOS remains valid → retest of 4,650 - 4,700 USD likely.
If demand fails → pullback toward 4,480 - 4,500 USD possible.
Trading Plan (for discussion, not advice):
Entry Strategy: Look for confirmation candles above BOS before entering longs.
Stop Placement: Below 4,480 USD to protect against deeper pullbacks.
Profit Targets: Scale out near 4,650 - 4,700 USD.
TL;DR
Gold 1H chart shows bullish momentum building. Demand zone + Fib cluster around 4,525 USD is key. Holding above = bullish continuation, breaking below = deeper correction.