EDRIC | XAUUSD H1 INTRADAY PLAN
Date: Friday - August 28, 2026
๐ Today's Market Overview
Heading into today's session, XAUUSD on the H1 timeframe is pushing deeper into its corrective phase after failing to break above the major resistance level. Price is currently trading around 4,582.04, showing sustained short-term selling momentum with consecutive internal Break of Structure (BOS) moves toward lower demand areas.
While short-term momentum favors sellers, the overall macro perspective remains supported by strong demand blocks established during the earlier impulsive rally. Price is now approaching key intermediate buying zones. Our tactical focus today is to look for high-probability BUY setups as price retests major demand structures while keeping local supply blocks open for high-confluence scalp SELL opportunities upon lower timeframe confirmation.
โ ๏ธ Special Notice: Volatility remains elevated as price tests critical intraday pivot levels. Practice strict risk management, keep proper lot sizing, and always wait for clear LTF confirmation (CHoCH/BOS) prior to executing any trade!
๐ KEY TRADING ZONES (H1 Timeframe)
RESISTANCE ZONE (SELL ZONE): 4650 - 4660
Target: 4580 - 4530
H1 Logic: Overhead supply block formed after repeated failures to break higher. Rejection from this area provides a high-confluence scalp SELL opportunity targeting lower consolidation levels.
BUY ZONE 1: 4500 - 4520 (Label on chart: BUY ZONE 1: 4530-4540 / shaded range: 4500-4520)
Target: 4580 - 4650
H1 Logic: Key intermediate demand block created during the previous explosive bullish break. A pullback into this zone offers an early BUY setup with defined risk.
SUPPORT ZONE (BUY ZONE 2): 4440 - 4450
Target: 4520 - 4600
H1 Logic: Major H1 demand baseline / flip zone that triggered the massive macro breakout. A deep retest into this structural foundation offers a prime BUY setup aligned with the HTF bullish trend.
โญ๏ธ EDRIC View
"XAUUSD H1 is currently searching for a bottom within its corrective leg. Focus on patience and wait for clear reactions at key zones. Prioritize BUY setups when price dips into BUY ZONE 1 (4,500 - 4,520) or SUPPORT ZONE (4,440 - 4,450), while taking scalp SELL trades if price retests RESISTANCE ZONE (4,650 - 4,660) with LTF confirmation. Trade disciplined!"
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