📊 Technical Analysis – XAU/USD (Gold/USD) – 1-Hour Timeframe
🔁 Market Structure:
The overall recent trend has been bearish, but at the latest low, the market has shown signs of a Change of Character (CHoCH).
Multiple Breaks of Structure (BOS) to the downside occurred earlier, but the current price action suggests a potential reversal or a bullish correction.
🟩 Demand Zone:
The green box near the bottom highlights a strong demand zone.
Price has already reacted positively from this area, which aligns with previous consolidation levels and support zones.
🟪 Entry Zone & Stop Loss:
Purple box: ideal entry zone for a potential long position (around $3,305–$3,315).
Red/Brown box below: logical stop loss area, placed below the most recent low (~$3,245).
🎯 Target Zone:
The green box at the top indicates the potential target zone, extending toward $3,450–$3,460.
This aligns with previous swing highs and structural resistance levels.
✅ Trade Setup:
Component Details
Entry ~$3,305–$3,315
Stop Loss Below $3,245
Targets TP1: $3,360 / TP2: $3,420 / TP3: $3,450+
Risk-Reward Approx. 3:1 or better
This setup becomes more valid with further confirmation in lower timeframes (e.g., 5min or 15min), such as bullish engulfing candles or internal structure shifts.
❌ Invalidation:
If price closes below $3,245 and confirms bearish continuation, the long setup becomes invalid.
In that case, it’s best to wait for a new structure or new demand zone to form.
📌 Summary:
Gold has reacted strongly from a key demand zone.
Structure is shifting bullish; if confirmed, this offers a solid low-risk, high-reward opportunity.
Wait for confirmation before entering, and always apply risk management.
⚠️ Disclaimer:
This analysis reflects only my personal view of the market and is not financial advice.
Please perform your own analysis and apply proper risk management before taking any trades.
XAUUSD
🔁 Market Structure:
The overall recent trend has been bearish, but at the latest low, the market has shown signs of a Change of Character (CHoCH).
Multiple Breaks of Structure (BOS) to the downside occurred earlier, but the current price action suggests a potential reversal or a bullish correction.
🟩 Demand Zone:
The green box near the bottom highlights a strong demand zone.
Price has already reacted positively from this area, which aligns with previous consolidation levels and support zones.
🟪 Entry Zone & Stop Loss:
Purple box: ideal entry zone for a potential long position (around $3,305–$3,315).
Red/Brown box below: logical stop loss area, placed below the most recent low (~$3,245).
🎯 Target Zone:
The green box at the top indicates the potential target zone, extending toward $3,450–$3,460.
This aligns with previous swing highs and structural resistance levels.
✅ Trade Setup:
Component Details
Entry ~$3,305–$3,315
Stop Loss Below $3,245
Targets TP1: $3,360 / TP2: $3,420 / TP3: $3,450+
Risk-Reward Approx. 3:1 or better
This setup becomes more valid with further confirmation in lower timeframes (e.g., 5min or 15min), such as bullish engulfing candles or internal structure shifts.
❌ Invalidation:
If price closes below $3,245 and confirms bearish continuation, the long setup becomes invalid.
In that case, it’s best to wait for a new structure or new demand zone to form.
📌 Summary:
Gold has reacted strongly from a key demand zone.
Structure is shifting bullish; if confirmed, this offers a solid low-risk, high-reward opportunity.
Wait for confirmation before entering, and always apply risk management.
⚠️ Disclaimer:
This analysis reflects only my personal view of the market and is not financial advice.
Please perform your own analysis and apply proper risk management before taking any trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.