🟡 Gold (XAUUSD) Analysis - 1H Timeframe
We are currently observing a bullish scenario forming on the 1-hour chart.
✅ Price broke structure to the downside (CHOCH), then tapped into a demand zone, where we can see strong bullish reaction starting to build.
🔸 The previous equal highs (EQH) above serve as a liquidity pool that price may aim for next.
🟣 Key points:
- Bullish CHoCH confirmed
- Demand zone is holding well
- Expecting a move toward the EQH zone
- Potential entry from the current demand zone with tight stop-loss
🕓 This setup is valid as long as price holds above the demand zone and continues forming higher lows.
📊 Let’s see how price reacts around the mid-zone before pushing higher.
#XAUUSD #GoldAnalysis #PriceAction #SmartMoney #CHOCH #TradingView
We are currently observing a bullish scenario forming on the 1-hour chart.
✅ Price broke structure to the downside (CHOCH), then tapped into a demand zone, where we can see strong bullish reaction starting to build.
🔸 The previous equal highs (EQH) above serve as a liquidity pool that price may aim for next.
🟣 Key points:
- Bullish CHoCH confirmed
- Demand zone is holding well
- Expecting a move toward the EQH zone
- Potential entry from the current demand zone with tight stop-loss
🕓 This setup is valid as long as price holds above the demand zone and continues forming higher lows.
📊 Let’s see how price reacts around the mid-zone before pushing higher.
#XAUUSD #GoldAnalysis #PriceAction #SmartMoney #CHOCH #TradingView
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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.