the price of Gold attempting to move higher after a significant drop earlier in the week. The key elements highlighted are:
Current Price Action: The price is currently trading around $3,987.20 and is testing a key resistance zone.
1H Supply Zone: A supply zone is identified between roughly $3,990 and $4,000. This area represents a concentration of selling pressure.
Break of Structure (BOS): There are multiple "BOS" labels, which indicate a Change of Character (CHoCH) or continuation of the trend.
The recent upward move has caused a BOS just below the supply zone, signaling an immediate shift towards bullish momentum.
1H Order Block (OB): A bullish Order Block (OB) or demand zone is identified at the bottom of the recent move, roughly between $3,930 and $3,950. This is a likely area for buyers to step in if the price retraces.
Stop-Loss Hunt (SSS): The "SSS" (likely standing for Sell-Side Liquidity or Stop-Loss Sweep) indicates an area of liquidity that could be targeted before the price moves up.
Bullish Scenario: The large arrow suggests a strong bullish expectation. The price is anticipated to break through the immediate 1H Supply zone (breaking the BOS at the high) and continue moving higher, potentially targeting levels above $4,040.
Current Price Action: The price is currently trading around $3,987.20 and is testing a key resistance zone.
1H Supply Zone: A supply zone is identified between roughly $3,990 and $4,000. This area represents a concentration of selling pressure.
Break of Structure (BOS): There are multiple "BOS" labels, which indicate a Change of Character (CHoCH) or continuation of the trend.
The recent upward move has caused a BOS just below the supply zone, signaling an immediate shift towards bullish momentum.
1H Order Block (OB): A bullish Order Block (OB) or demand zone is identified at the bottom of the recent move, roughly between $3,930 and $3,950. This is a likely area for buyers to step in if the price retraces.
Stop-Loss Hunt (SSS): The "SSS" (likely standing for Sell-Side Liquidity or Stop-Loss Sweep) indicates an area of liquidity that could be targeted before the price moves up.
Bullish Scenario: The large arrow suggests a strong bullish expectation. The price is anticipated to break through the immediate 1H Supply zone (breaking the BOS at the high) and continue moving higher, potentially targeting levels above $4,040.
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📊 Professional Forex & Gold Analyst | Trading pure price action and high-probability market structure. Daily 4–5 quality trade setups with disciplined risk management. Join: t.me/+NJDp2aIM3QphYWNk| Contact: @fx_martin9
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.