Gold (XAUUSD) continues to trade inside a well-defined descending channel on the 4-Hour (4H) timeframe, maintaining a strong bearish order flow.
📉 Market Structure & BOS: Following a mitigation of the upper OB supply zone, price action successfully created a fresh Break of Structure (BOS) to the downside, confirming the dominance of sellers.
⚡ Supply Sell Zone Reaction: Price is currently experiencing a corrective pullback into the lower supply sell zone. This unmitigated area is being monitored for potential bearish confirmation and order block validation.
🎯 Liquidity Target: If the structure holds and price rejects this current supply zone, the momentum is expected to target the lower restructures and sweep the major liquidity pool marked at the bottom.
⚠️ Risk Management Note: A sustained 4H close above the supply sell zone would invalidate this immediate bearish outlook. Always protect your capital and manage risk accordingly! 💼
📉 Market Structure & BOS: Following a mitigation of the upper OB supply zone, price action successfully created a fresh Break of Structure (BOS) to the downside, confirming the dominance of sellers.
⚡ Supply Sell Zone Reaction: Price is currently experiencing a corrective pullback into the lower supply sell zone. This unmitigated area is being monitored for potential bearish confirmation and order block validation.
🎯 Liquidity Target: If the structure holds and price rejects this current supply zone, the momentum is expected to target the lower restructures and sweep the major liquidity pool marked at the bottom.
⚠️ Risk Management Note: A sustained 4H close above the supply sell zone would invalidate this immediate bearish outlook. Always protect your capital and manage risk accordingly! 💼
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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.
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.