XAUUSD Retest Buy Setup & 4146 Resistance Breakout Plan
The H1 chart shows a strong breakout above the previous high at 4116 (BOS), confirming bullish dominance and continuation of the uptrend. Price is currently approaching the short-term resistance zone at 4143 - 4146.
1. Buy Setup (Pullback Buy)
Entry: 4098 - 4105 (FVG zone confluent with 0.618 Fib at 4095.4)
Stop Loss: 4088
Take Profit: TP1 4143 | TP2 4164
Confluence & Reason: Dominant buying volume (BOS 4116), FVG fill confluent with 0.618 Fib, and broken structure acting as new support.
2. Sell Setup (Short-Term Reversal)
Entry: 4143 - 4146
Stop Loss: 4156
Take Profit: TP1 4116 | TP2 4100
Confluence & Reason: Key 1H technical resistance zone, expecting momentum exhaustion for a pullback to retest lower demand.
3. Breakout Buy Setup (Resistance Breakout)
Entry: 4148 - 4150 (Wait for 1H candle to close above 4146, enter on pullback to 4146 - 4148)
Stop Loss: 4136
Take Profit: TP1 4164 | TP2 4181
Confluence & Reason: Confirmed breakout of 4146 resistance, bullish expansion towards higher targets at 4164 and 4181 peak.