1H Buy Projection for XAUUSD (Gold/USD) on March 4, 2025

1H Buy Projection for XAUUSD (Gold/USD) on March 4, 2025. It highlights a bullish setup based on a V-shaped reversal pattern.

Key Observations:
Bullish Signals:

V-Pattern Formation: Indicates strong buying pressure and a potential trend reversal.
Uptrend Line: Price is following a bullish structure.
Buying Zone: Identified around 2,885 - 2,891.
Support & Resistance:

Support S1: Strong demand zone where price bounced.
Resistance R1: Around 2,900, first major hurdle.
Resistance R2: 2,919, higher resistance level and second target.
Trade Setup:

Entry (Buying Zone): Around 2,885 - 2,891.
Stop Loss: Placed at 2,879.35 (below key support).
Target Price 1: Around 2,905.
Target Price 2: Around 2,919.
Possible Trade Strategy:
Buy near the buying zone (2,885 - 2,891).
Stop Loss below 2,879 to manage risk.
Take Profits at 2,905 (first target) and 2,919 (second target).
Risk & Considerations:
If price fails to hold above the buying zone, a break below 2,879 may invalidate the bullish setup.
Price may face resistance near 2,900 before moving higher.