*Market Structure*

The H1 chart remains bullish overall. Price has produced a sequence of higher highs and higher lows, with several bullish Market Structure Breaks (MSB/BOS) visible during the advance.

However, price is now trading close to the major 4,439–4,440 resistance/liquidity zone.

2. *Resistance*

4,439–4,440 is the key level.If price sweeps 4,439 and immediately closes back below it, however, that would look more like a buy-side liquidity sweep and could initiate a deeper retracement.

Bullish breakout targets:

4,450–4,460 — immediate extension zone

Above that, continuation should be evaluated using fresh H1 structure rather than assuming a fixed target

3. *Support*

the more interesting short-term risk is a liquidity sweep above 4,439 followed by an H1 bearish structure break.

If that happens, I would watch the levels sequentially:

4,439 → 4,360 → 4,332 → 4,305

A break below 4,360 would be significant because it would show that the latest bullish impulse is losing structure.

A sustained break below 4,332 would increase the probability of a deeper retracement toward 4,305, while a break below 4,305 would substantially weaken the current H1 bullish structure.

The chart's drawn downside paths therefore make technical sense as conditional correction scenarios, but they should not be treated as predetermined price paths.

*Final View*

The chart is not bearish yet. The dominant H1 structure remains bullish, but gold is sitting directly beneath a major resistance/liquidity zone around 4,439–4,440.

The key decision point is therefore simple:

Break and hold above 4,439 = bullish continuation.

Sweep 4,439 + bearish structure break = correction.

For me, 4,360 is the key line separating a healthy bullish pullback from a more meaningful H1 correction. Until that level breaks decisively, selling aggressively against the trend carries higher risk.

🇺🇸 Today's High-Impact US Data (July)

📌 Non-Farm Payrolls (NFP)

• Forecast: 85K
• Previous: 57K

📌 Unemployment Rate

• Forecast: 4.2%
• Previous: 4.2%

📊 What to Watch for Gold (XAUUSD)

🟢 If NFP comes BELOW 85K:
• USD may weaken 📉
• Gold likely to move higher 📈

🔴 If NFP comes ABOVE 85K:
• USD may strengthen 📈
• Gold could face selling pressure 📉

⚠️ Expect extreme volatility during the NFP release. Avoid entering trades just before the news. Wait for the market to choose a direction and trade with confirmation.

🔥 Stay tuned! Live XAUUSD updates and trade setups will be shared here immediately after the NFP release.