➡️LUCCY’S TECHNICAL ANALYSIS – EUROPEAN SESSION (H1)
Luccy sees that gold on the H1 timeframe is currently moving in a short-term consolidation phase after the recent strong decline. Price is trading around the 4,52x area, repeatedly reacting at nearby support, but bullish momentum is still not strong enough to break above the supply zone overhead.
The current structure suggests gold is sitting at a decision point: if buyers defend the support, price may continue a technical rebound toward higher resistance levels; however, if gold continues to be rejected around 4,54x – 4,56x, selling pressure may return.
→ Overall, H1 still shows a technical recovery inside a broader short-term bearish structure.
➤ Trading Scenarios:
• Bullish Scenario (if support holds)
Buy Zone: 4,510 – 4,515
TP1: 4,525
TP2: 4,535
TP3: 4,550
→ If buyers defend the current support zone, gold may continue a rebound toward nearby supply.
• Bearish Scenario (if rejected at resistance)
Sell Zone: 4,565 – 4,560
TP1: 4,550
TP2: 4,540
TP3: 4,520
→ If price rebounds into resistance but fails to break higher, selling pressure may return in line with the main trend.
➤ Luccy’s Notes:
• 4,518 – 4,525 is the key short-term reaction zone for the European session
• 4,545 – 4,560 is the key supply area to watch
• A breakout above 4,560 could extend the bullish recovery
• Rejection from resistance keeps the bearish intraday structure intact
