Gold (XAU/USD) is currently in a bearish structure on 1H and 4H, making lower highs. Price is approaching a key POI (Point of Interest) near a descending trendline, where multiple confluences align for a potential reversal
Note
Confluences:1H POI from previous supply
Trendline liquidity sweep
Potential CHOCH on LTF
Bearish momentum from higher timeframes
🎯 Risk Management:
SL: Above POI wick
TP1: Internal low (first target zone)
TP2: Extreme POI or deeper 4H demand
Trade active
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.