Gold (XAUUSD) – 17 July Analysis | Demand Zone in Play🟢 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”
