🧠 Chart Analysis (XAU/USD – 1H):
Key Structure Highlights:
CHoCH (Change of Character) zones marked both up and down indicate a battle between bulls and bears.
Recent bullish CHoCH followed by a fair value gap (FVG) retest suggests potential continuation to the upside.
Price recently bounced strongly from demand zone, shown by the green arrows and strong candle reaction.
Ichimoku Cloud:
Price is trying to break back above the Kumo (cloud), a sign of bullish momentum building.
However, resistance is still present with the Kijun and Tenkan lines converging.
FVG (Fair Value Gap):
The current price is attempting to fill and break above the FVG zone.
A successful breakout above this area confirms bullish intention.
Fibonacci Levels:
Price is hovering around the 0.5 - 0.618 retracement zone, often a strong reversal or continuation point.
Upside targets lie near the 0.786 retracement (3352) and ultimate target at 3391, a major resistance level.
Risk Management:
Trade setup shows an excellent Risk:Reward ratio.
Stop-loss placed just below the last structure low.
Potential downside to 3290–3258 if breakout fails.
🟢 Possible Next Move:
Bullish Scenario: If price clears the FVG and breaks above 3353, expect continuation to 3391.
Bearish Rejection: If rejected at FVG/0.618 level, watch for a drop back to 3290 or even 3259.
Key Structure Highlights:
CHoCH (Change of Character) zones marked both up and down indicate a battle between bulls and bears.
Recent bullish CHoCH followed by a fair value gap (FVG) retest suggests potential continuation to the upside.
Price recently bounced strongly from demand zone, shown by the green arrows and strong candle reaction.
Ichimoku Cloud:
Price is trying to break back above the Kumo (cloud), a sign of bullish momentum building.
However, resistance is still present with the Kijun and Tenkan lines converging.
FVG (Fair Value Gap):
The current price is attempting to fill and break above the FVG zone.
A successful breakout above this area confirms bullish intention.
Fibonacci Levels:
Price is hovering around the 0.5 - 0.618 retracement zone, often a strong reversal or continuation point.
Upside targets lie near the 0.786 retracement (3352) and ultimate target at 3391, a major resistance level.
Risk Management:
Trade setup shows an excellent Risk:Reward ratio.
Stop-loss placed just below the last structure low.
Potential downside to 3290–3258 if breakout fails.
🟢 Possible Next Move:
Bullish Scenario: If price clears the FVG and breaks above 3353, expect continuation to 3391.
Bearish Rejection: If rejected at FVG/0.618 level, watch for a drop back to 3290 or even 3259.
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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.
Join My telegram channel Free:
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Related publications
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.