🔻 Gold (XAUUSD) – July 15 Analysis | Bearish Bias Until Proven Otherwise
The market has entered a pullback phase on H4, and we’re expecting a potential retest of the 3320 Order Block before any continuation of the broader uptrend resumes.
🔍 M15 Market Structure:
✅ ChoCH followed by BoS confirms a downtrend on M15
🎯 Current short-term objective: Retest of H4 OB (3320)
📍 Price Action Context:
Price is now revisiting the same M15 POI where yesterday’s short setup originated.
Last session, this POI was respected, but instead of creating a new Lower Low, price is trading inside the same zone again.
This signals indecision — so we let price reveal its intent
🧭 Trade Planning Scenarios:
Scenario 1 – Bearish Continuation:
→ If the POI is respected again with clear M1 confirmation (Micro-ChoCH + BoS), we will plan for a short setup toward 3320
Scenario 2 – POI Breaks:
→ If price breaks above this POI zone, the next key level to observe is the 3355–3359 supply zone
→ We’ll reassess from there based on new confirmation
📌 Bias for Today:
🔻 Bearish bias remains intact as long as M15 structure does not shift back to bullish.
All setups must align with structure — we are short-biased only until the market proves otherwise
📖 Structure before emotion. Let the market invite you — not the other way around.
📘 Shared by ChartIsMirror
The market has entered a pullback phase on H4, and we’re expecting a potential retest of the 3320 Order Block before any continuation of the broader uptrend resumes.
🔍 M15 Market Structure:
✅ ChoCH followed by BoS confirms a downtrend on M15
🎯 Current short-term objective: Retest of H4 OB (3320)
📍 Price Action Context:
Price is now revisiting the same M15 POI where yesterday’s short setup originated.
Last session, this POI was respected, but instead of creating a new Lower Low, price is trading inside the same zone again.
This signals indecision — so we let price reveal its intent
🧭 Trade Planning Scenarios:
Scenario 1 – Bearish Continuation:
→ If the POI is respected again with clear M1 confirmation (Micro-ChoCH + BoS), we will plan for a short setup toward 3320
Scenario 2 – POI Breaks:
→ If price breaks above this POI zone, the next key level to observe is the 3355–3359 supply zone
→ We’ll reassess from there based on new confirmation
📌 Bias for Today:
🔻 Bearish bias remains intact as long as M15 structure does not shift back to bullish.
All setups must align with structure — we are short-biased only until the market proves otherwise
📖 Structure before emotion. Let the market invite you — not the other way around.
📘 Shared by ChartIsMirror
Note
🔄 Update Note – July 15Scenario 1 invalidated:
Price failed to respect the M15 POI, and no valid M1 confirmation occurred.
As a result, the anticipated short setup is now invalid.
We will now monitor Scenario 2 — the next zone of interest is the 3355–3359 supply zone, where we’ll wait for fresh structure and confirmation before planning any trades.
🧭 Reminder:
No confirmation = No trade. Structure always leads our bias — not assumptions.
Order cancelled
🔄 Update Note – July 15Scenario 2 also invalidated:
The 3355–3359 supply zone was not respected, and price shifted the M15 structure to the upside.
As a result, our short setup plan is now cancelled.
We are no longer considering bearish trades from this zone.
📌 We now step aside and wait for a new opportunity.
Let structure lead. Let price speak.
📘 Shared by ChartIsMirror
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.