EDRIC | XAUUSD H1 INTRADAY PLAN
Date: Monday - August 24, 2026
🔍 Today's Market Overview
Heading into today's session, XAUUSD on the H1 timeframe continues its strong bullish expansion, surging aggressively after breaking out of lower consolidation structures. Price recently swept liquidity near the 4,650 level (Weak High) and is currently trading around 4,637.92.
The overall market structure remains heavily bullish on H1, characterized by successive Break of Structure (BOS) signals to the upside. After reaching local highs, price is consolidating near the top, preparing for potential retests of lower demand zones. Market dynamics favor looking for BUY opportunities on corrective pullbacks into newly flipped demand areas while keeping an eye on extreme overhead supply near 4,690 - 4,700.
⚠️ Special Notice: Following explosive bullish moves, volatility remains high with potential for sharp corrective retests. Always practice strict risk management, use proper position sizing, and look for lower-timeframe confirmations (LTF CHoCH/BOS) before entering trades!
📌 KEY TRADING ZONES (H1 Timeframe)
RESISTANCE ZONE (SELL ZONE): 4690 - 4700
Target: 4635 - 4575
H1 Logic: Extreme overhead supply block near the major psychological level. A sharp corrective rise into this region offers an aggressive short-term scalp opportunity targeting lower demand levels, provided there is clear LTF bearish confirmation.
SUPPORT ZONE 1 (BUY ZONE 1): 4565 - 4575
Target: 4635 - 4690
H1 Logic: Key resistance-turned-support structure (Flip Zone) backed by recent bullish momentum and fresh H1 demand confluence. A retest into this zone provides a high-probability setup for long entries targeting the recent highs.
SUPPORT ZONE 2 (BUY ZONE 2): 4530 - 4540
Target: 4575 - 4635
H1 Logic: Secondary major H1 demand block and critical structural baseline (SUPPORT ZONE 4530 - 4540). If a deeper market correction unfolds, this area serves as a solid line of defense for buyers looking for medium-term bullish continuations.
⭐️ EDRIC View
"XAUUSD H1 maintains a clean bullish structure. Our main focus today is to exercise patience and wait for price to complete corrective pullbacks into key demand zones—specifically BUY ZONE 1 (4,565 - 4,575) or SUPPORT ZONE 2 (4,530 - 4,540)—to execute high-probability BUY setups targeting 4,635 and 4,690.
Only consider short-term SELL positions if strong LTF confirmation appears around the 4,690 - 4,700 resistance zone. Protect your capital and stay disciplined!"
