**#XAUUSD H5 Higher Timeframe Analysis**
📊 **#XAUUSD H5 Higher Timeframe Analysis**
What we witnessed today was a **tremendous recovery in Gold 🟡** after **3–4 consecutive bearish sessions 📉**.
📅 **Today’s candle** has **completely flipped the weekly structure**, turning a fully **bearish weekly candle into a bullish one 📈** — thanks to the **NFP data** that came in **favor of Gold and against the Dollar 💵❌**.
🔍 However, price is now approaching a **critical confluence zone**:
* 🧭 A **long-running trendline** (since April)
* 🔴 An **H4 Bearish Order Block**
* 📐 The **Fibonacci Golden Zone (0.50–0.618)** at **3362–3372**
📌 **From this level, we have two possible scenarios:**
1️⃣ **Sharp Rejection 🔻:**
Price may **reverse sharply** from the 3362–3372 zone and **resume the bearish trend**.
2️⃣ **Breakout & Trap Theory 🔺:**
If price **sustains above this zone**, it may signal that the recent **3–4 day drop was a fake breakdown**, designed to **trap sellers** and grab liquidity for a **further upside move**.
✅ **Confirmation will come if we get an H4–H6 bullish candle close above the trendline** and back inside the **buying zone of 3375–3390**.
🔓 **A breakout above the triangle pattern** will likely lead to a **strong bullish continuation 📈🚀**.
