XAUUSD: Approaching Critical Supply – Sell-Off to SSL Imminent
Technical Key Points:
Market Structure Shift (MSS) & BOS: Earlier price action confirmed a shift in sentiment, followed by a clean Break of Structure (BOS) to the downside, establishing a series of lower highs and lower lows.
Head and Shoulders Pattern: We can see a clear H&S formation developing. The right shoulder has consolidated just below the trendline, signaling exhaustion from the buyers.
Supply Zone Interaction: Price is currently retracing into a recently formed Supply Zone (approx. 4,700 - 4,710 range). This area aligns with the trendline resistance, making it a high-probability "Point of Interest" (POI) for shorts.
Target: The primary objective is the Sell-Side Liquidity (SSL) sitting at the recent swing lows (around the 4,660 level). If the current supply zone holds, we expect a rapid expansion downward to sweep these lows.
Trading Plan:
Bias: Bearish 🔴
Entry: Look for bearish rejection candles (pin bars or engulfing) within the highlighted Supply Zone.
Invalidation: A sustained candle close above the descending trendline and the 4,720 level would invalidate this bearish thesis.
Market Structure Shift (MSS) & BOS: Earlier price action confirmed a shift in sentiment, followed by a clean Break of Structure (BOS) to the downside, establishing a series of lower highs and lower lows.
Head and Shoulders Pattern: We can see a clear H&S formation developing. The right shoulder has consolidated just below the trendline, signaling exhaustion from the buyers.
Supply Zone Interaction: Price is currently retracing into a recently formed Supply Zone (approx. 4,700 - 4,710 range). This area aligns with the trendline resistance, making it a high-probability "Point of Interest" (POI) for shorts.
Target: The primary objective is the Sell-Side Liquidity (SSL) sitting at the recent swing lows (around the 4,660 level). If the current supply zone holds, we expect a rapid expansion downward to sweep these lows.
Trading Plan:
Bias: Bearish 🔴
Entry: Look for bearish rejection candles (pin bars or engulfing) within the highlighted Supply Zone.
Invalidation: A sustained candle close above the descending trendline and the 4,720 level would invalidate this bearish thesis.
Operación activa
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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
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.