📊 Market Overview
Gold (XAUUSD) on the 30-minute timeframe is exhibiting a textbook bearish market structure. Following a massive liquidity sweep ($$$) and subsequent Break of Structure (BOS) to the downside, the price has been respecting a clean descending trendline.
The overall bias remains strongly bearish as the market continues to print lower highs and lower lows.
🔍 Technical Breakdown
Market Structure: A clear shift in character occurred earlier, followed by consecutive Breaks of Structure (BOS) to the downside. The recent price action confirms that sellers are completely driving the momentum.
Order Block (OB) Mitigation: Price recently retraced upward to tap into the H1 Order Block (H1-OB) highlighted around the 4,075 - 4,085 zone. This zone aligns perfectly with the descending Trendline Resistance, offering a high-consequence confluence for sellers.
Current Price Action: After mitigating the H1-OB, the price immediately faced rejection, forming a lower high and resuming its downward trajectory towards the structural lows.
🎯 Trading Plan & Targets
We are looking for a continuation of the bearish momentum down to the major daily/weekly liquidity pool.
Direction: Short / Sell 🔴
Invalidation/Stop Loss: Above the H1-OB zone (Invalidated if price breaks and closes above 4,085).
Take Profit Target: 4,020 (Major support level and key liquidity target as indicated by the lower red line).
Gold (XAUUSD) on the 30-minute timeframe is exhibiting a textbook bearish market structure. Following a massive liquidity sweep ($$$) and subsequent Break of Structure (BOS) to the downside, the price has been respecting a clean descending trendline.
The overall bias remains strongly bearish as the market continues to print lower highs and lower lows.
🔍 Technical Breakdown
Market Structure: A clear shift in character occurred earlier, followed by consecutive Breaks of Structure (BOS) to the downside. The recent price action confirms that sellers are completely driving the momentum.
Order Block (OB) Mitigation: Price recently retraced upward to tap into the H1 Order Block (H1-OB) highlighted around the 4,075 - 4,085 zone. This zone aligns perfectly with the descending Trendline Resistance, offering a high-consequence confluence for sellers.
Current Price Action: After mitigating the H1-OB, the price immediately faced rejection, forming a lower high and resuming its downward trajectory towards the structural lows.
🎯 Trading Plan & Targets
We are looking for a continuation of the bearish momentum down to the major daily/weekly liquidity pool.
Direction: Short / Sell 🔴
Invalidation/Stop Loss: Above the H1-OB zone (Invalidated if price breaks and closes above 4,085).
Take Profit Target: 4,020 (Major support level and key liquidity target as indicated by the lower red line).
Trade closed: target reached
🎯 XAUUSD Hit Full Target Successfully and Continues to Run 450+ Pips in Profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Free Daily Signals Channel – Targeting 500+ Pips!
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.