XAUUSD 1H — Bullish Reversal Setup
The 1-hour XAUUSD chart indicates a potential bullish recovery following a sharp bearish move. Price has bounced strongly from the 4,080 zone and recovered towards 4,180–4,190, where selling pressure has started to emerge again. Price is currently around 4,157.54, trading below the 9 EMA at 4,168.50.
Market Structure: The chart previously displayed a bearish structure, followed by a bullish Change of Character (CHoCH) and a subsequent Break of Structure (BOS). This suggests that buyers have regained some short-term control. However, the latest pullback indicates that bullish momentum is yet…
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- India
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- elite trader
- Published
- Saturday, 17 October 2026, 12:24 am IST
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- One outlet so far
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