(XAU/USD) on the 1-hour (1H) timeframe, showing a potential buy,

(XAU/USD) on the 1-hour (1H) timeframe, showing a potential bullish setup.



Chart Details:

• Current Price: Around 2,888.57

• Technical Analysis:

• Entry Zone: Around 2,877 - 2,883 (marked in red)

• Target Zone: Around 2,923 - 2,925 (marked in green)

• Expected Movement: The chart suggests a potential bullish reversal from the entry zone, targeting the upper resistance.

• Support Level: The entry zone is acting as a key support area.

• Resistance Level: The target zone is the expected resistance level.



Conclusion:



The setup indicates a possible buy opportunity from the entry zone with a potential upside towards 2,923 - 2,925. If price holds above the support, the bullish move could play out. However, if price breaks below 2,877, downside risk increases.