🟢 Gold (XAUUSD) – 17 July Analysis | Demand Zone in Play
Gold continues to follow the bullish structure we’ve been tracking in our recent posts. Yesterday's news-driven price action pushed the market to a new swing high near 3377.600, confirming strength in higher timeframes. Now, price is currently in a retracement/pullback phase, pulling back toward a key intraday demand zone at 3326–3320 — offering potential opportunity for the next leg upward.
🔍 Where Are We Now?
The market is currently pulling back toward a key M15 demand zone: 3326–3320. This level also aligns with a higher timeframe order block on the H4, making it a critical confluence area for structure-based traders.
This 3326–3320 zone is crucial because:
→ It’s a fresh M15 demand zone inside a higher timeframe bullish structure
→ It aligns with the H4 OB that previously acted as a launchpad
→ The overall trend remains bullish unless this zone is decisively broken
If the zone holds and we get LTF confirmation (such as M1 internal structure shift + micro-BoS), it may present a high-probability long setup.
⚙️ Structure Summary:
✅ H4: Bullish continuation structure with recent higher high
✅ M15: Pullback within bullish order flow
✅ M1 (for entry): Awaiting ChoCH + BoS as entry trigger inside POI
📌 Trade Setup Plan (upon confirmation):
→ Entry: From 3326–3320 demand zone
→ Stop Loss: 40 pips below entry
→ Take Profit: 120 pips (targeting new HH based on H4 projection)
→ Risk-to-Reward Ratio: 1:3
🧠 Key Trading Insight:
We never predict — we prepare.
We don’t chase price — we position with confirmation.
Discipline means waiting for price to invite us in, not entering just because a level looks attractive.
📈 Summary & Expectations:
➡️ Price is retracing into a structurally significant demand zone
➡️ Market bias remains bullish unless this zone fails
➡️ If the zone holds with valid M1 confirmation, we’ll consider a long setup targeting a new high
➡️ No confirmation = no trade. Patience > prediction.
📘 Shared by ChartIsMirror
This analysis is part of our ongoing structure-based approach to trading Gold. All entries are derived from pure price action, multi-timeframe structure alignment, and trader discipline — as taught in our book:
“The Chart Is the Mirror: Mastering Gold with Structure, Stillness, and Price Action”
Gold continues to follow the bullish structure we’ve been tracking in our recent posts. Yesterday's news-driven price action pushed the market to a new swing high near 3377.600, confirming strength in higher timeframes. Now, price is currently in a retracement/pullback phase, pulling back toward a key intraday demand zone at 3326–3320 — offering potential opportunity for the next leg upward.
🔍 Where Are We Now?
The market is currently pulling back toward a key M15 demand zone: 3326–3320. This level also aligns with a higher timeframe order block on the H4, making it a critical confluence area for structure-based traders.
This 3326–3320 zone is crucial because:
→ It’s a fresh M15 demand zone inside a higher timeframe bullish structure
→ It aligns with the H4 OB that previously acted as a launchpad
→ The overall trend remains bullish unless this zone is decisively broken
If the zone holds and we get LTF confirmation (such as M1 internal structure shift + micro-BoS), it may present a high-probability long setup.
⚙️ Structure Summary:
✅ H4: Bullish continuation structure with recent higher high
✅ M15: Pullback within bullish order flow
✅ M1 (for entry): Awaiting ChoCH + BoS as entry trigger inside POI
📌 Trade Setup Plan (upon confirmation):
→ Entry: From 3326–3320 demand zone
→ Stop Loss: 40 pips below entry
→ Take Profit: 120 pips (targeting new HH based on H4 projection)
→ Risk-to-Reward Ratio: 1:3
🧠 Key Trading Insight:
We never predict — we prepare.
We don’t chase price — we position with confirmation.
Discipline means waiting for price to invite us in, not entering just because a level looks attractive.
📈 Summary & Expectations:
➡️ Price is retracing into a structurally significant demand zone
➡️ Market bias remains bullish unless this zone fails
➡️ If the zone holds with valid M1 confirmation, we’ll consider a long setup targeting a new high
➡️ No confirmation = no trade. Patience > prediction.
📘 Shared by ChartIsMirror
This analysis is part of our ongoing structure-based approach to trading Gold. All entries are derived from pure price action, multi-timeframe structure alignment, and trader discipline — as taught in our book:
“The Chart Is the Mirror: Mastering Gold with Structure, Stillness, and Price Action”
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.