Ouro/Dólar Americano
Short
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Gold Recovery Faces Its First H1 Test | XAUUSD 21/07

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Gold is rebounding after successfully defending the 3,990–4,000 H1 Demand Zone, encouraging buyers to anticipate a larger recovery.

The challenge?

Price is now approaching the 4,060–4,070 H1 Order Block, which aligns with a descending trendline and represents the first major resistance within the current bearish structure.

While buyers have regained short-term momentum, they have yet to reclaim the resistance needed to confirm a meaningful shift in market structure. Until that happens, the current advance should be viewed as a bullish retracement rather than a confirmed trend reversal.

For now, demand has held.

But the real test is only beginning.

Currently

• Price defended the 3,990–4,000 H1 Demand / SMALL OB

• Buyers reclaimed short-term momentum after sweeping nearby liquidity

• Price is approaching the 4,060–4,070 H1 Order Block

• Descending trendline continues to cap upside momentum

• Higher-timeframe bearish structure remains intact

• Buy-side liquidity sits above the recent swing highs

Trading Plan

Bias: Bullish Retracement Within a Bearish Structure

Main Zone

• 3,990–4,000 → H1 Demand / SMALL OB

Execution Idea

As long as price continues holding above the 3,990–4,000 demand zone, buyers may extend the recovery toward the 4,060–4,070 H1 Order Block.

This area is the first major test for the current rally. A decisive H1 close above the Order Block would strengthen the bullish case and expose the next objective around 4,130.

However, if price is rejected from the Order Block while respecting the descending trendline, the recovery could simply form another lower high before sellers attempt to resume the broader bearish trend.

Targets

→ TP1: 4,060–4,070 → H1 Order Block

→ TP2: 4,130 → Major H1 Bearish Order Block

Invalidation

A confirmed H1 candle close below 3,990 would invalidate the bullish retracement scenario and increase the probability of a continuation toward the 3,960 H1 Demand Zone.

Key Insight

Holding demand is only the first step. The real confirmation comes from reclaiming the 4,060–4,070 H1 Order Block. Until then, this remains a potential recovery within a broader bearish market.

Key Question

Will Gold reclaim the H1 Order Block, or is this rebound setting up another lower high?
Trade ativo
snapshot
📊 XAUUSD H1 | Market Update

After reviewing the chart again, I realized my previous analysis missed an important part of the market structure.

I focused too much on the H1 Order Block as the primary reaction zone, but I overlooked the fact that price had already broken above the Order Block and swept the Buy-Side Liquidity (BSL) before reversing lower.

This changes the context significantly.

The liquidity above the recent highs has already been collected, meaning buyers have achieved their short-term objective. The subsequent rejection suggests sellers have responded from premium pricing, increasing the probability that the recent rally was a liquidity grab rather than the beginning of a sustained bullish reversal.

This is a good reminder that market structure should always be read as a sequence of events, not just static zones. An Order Block alone is not enough—the way price interacts with liquidity before and after reaching that zone provides the real confirmation.

I'll adjust my bias as new price action develops. The market is always the final judge.

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