Market Structure
On the 4H timeframe, gold has shifted into a short-term bearish structure after failing to hold recent highs and forming a series of lower highs. Price is now approaching the H4 demand zone, which previously acted as a key support level.
Key Level in Focus
The H4 demand area around the 5000 region is currently being tested. This level is important because it previously provided buying pressure and initiated a strong reaction.
Possible Scenarios
If price breaks and sustains below the H4 demand zone, the market could continue moving lower toward the next demand area around 4850, where liquidity may be resting.
However, if buyers defend the demand zone, we could see a short-term bullish reaction or relief bounce from this level.
Outlook
Price action around the H4 demand zone will be critical in determining the next directional move, with a breakdown favoring continuation toward lower demand levels.
On the 4H timeframe, gold has shifted into a short-term bearish structure after failing to hold recent highs and forming a series of lower highs. Price is now approaching the H4 demand zone, which previously acted as a key support level.
Key Level in Focus
The H4 demand area around the 5000 region is currently being tested. This level is important because it previously provided buying pressure and initiated a strong reaction.
Possible Scenarios
If price breaks and sustains below the H4 demand zone, the market could continue moving lower toward the next demand area around 4850, where liquidity may be resting.
However, if buyers defend the demand zone, we could see a short-term bullish reaction or relief bounce from this level.
Outlook
Price action around the H4 demand zone will be critical in determining the next directional move, with a breakdown favoring continuation toward lower demand levels.
Trade chiuso: obiettivo raggiunto
All targets achieved captured almost 2000pips
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.