Gold (XAUUSD) – July 9 | M15 Bearish Pullback After H4 OB Tap🟡 Gold (XAUUSD) – July 9 Analysis | H4 OB Tapped, M15 Still Bearish
The market has just tapped into the H4 order block near 3280 (3288–3275) — a level we’ve been tracking closely.
However, price action shows that the H4 pullback is still active and not yet complete.
Yesterday, Gold respected the H4 supply zone (3342–3345) exactly as anticipated.
Since then, price broke below the M15 low at 3296 , confirming that bearish momentum remains valid on the lower timeframe.
🔍 Structure Breakdown
• H4: Pullback ongoing
• H4 OB: 3288–3275 (just tapped)
• M15: Broke below 3296 → Bearish trend continuation confirmed
• Current M15 State: In pullback phase
⚠️ Key Consideration:
While we are looking at bearish opportunities, keep in mind that the H4 OB (3288–3275) is a significant demand zone.
If the market begins to reclaim structure and breaks the Lower High(H4 supply zone), this could signal resumption of the H4 uptrend .
Until that happens, we remain cautiously short — but prepared to adapt.
📌 What We’re Watching
Despite the H4 OB tap, M15 remains bearish until proven otherwise.
So the focus stays on short opportunities — no longs unless structure shifts.
📍 Key M15 POI for Rejection:
→ 3322–3326 (Order Block)
→ If price pulls into this zone and gives M1 confirmation (ChoCh + micro BoS)
→ We’ll plan short setups aligned with current trend
If this zone fails, or structure flips bullish, we’ll wait patiently for a potential revisit of the H4 supply zone (3342–3345) — which remains a valid short area for high-probability setups.
🧠 Summary:
✅ H4 OB (3288–3275) tapped
❌ No bullish reversal yet — M15 still bearish
🔍 Watching 3322–3326 for possible short
📉 Bias: Bearish until structure shifts
But be flexible — if LH breaks, the game changes.
📖 Respect the structure.
The chart doesn’t reverse because you want it to —
It reverses when the market is done moving the other way.
📘 Shared by @ChartIsMirror
