Technical Overview
Gold is currently displaying a clear bearish shift in market structure on the 1H timeframe after a significant sweep of liquidity at the recent highs. Following a period of distribution (marked by the purple RANGE), price experienced a sharp MSS (Market Structure Shift) and subsequent CHOCH (Change of Character), signaling that the bulls have lost control.
Key Technical Factors
Supply Rejection: Price has reached into a high-probability 4H-OB (Order Block) and is showing immediate signs of rejection.
Imbalance: A clear H4-FVG (Fair Value Gap) sits just below the supply zone, acting as a magnet for price to rebalance before a potential continuation lower.
Market Structure: Multiple BREAKOUT points to the upside were liquidated, followed by a breakdown. The current price action suggests a "Return to Impulse" before the next leg down.
Trading Plan
We are looking for two primary bearish scenarios based on the current price action:
Direct Rejection: A continuation lower from the current level, targeting the previous swing lows.
The FVG Mitigation: A minor retracement into the H4-FVG (gray zone) to fill the remaining liquidity before the anticipated drop (blue arrow projection).
Point of Interest (POI): 4,810 – 4,830
Primary Target: 4,775 (Recent Lows)
Extended Target: 4,750
Risk Management
Maintain a strict stop loss above the 4H-OB high to invalidate the bearish thesis. Monitor the dollar index (DXY) for additional confluence during the New York session.
Gold is currently displaying a clear bearish shift in market structure on the 1H timeframe after a significant sweep of liquidity at the recent highs. Following a period of distribution (marked by the purple RANGE), price experienced a sharp MSS (Market Structure Shift) and subsequent CHOCH (Change of Character), signaling that the bulls have lost control.
Key Technical Factors
Supply Rejection: Price has reached into a high-probability 4H-OB (Order Block) and is showing immediate signs of rejection.
Imbalance: A clear H4-FVG (Fair Value Gap) sits just below the supply zone, acting as a magnet for price to rebalance before a potential continuation lower.
Market Structure: Multiple BREAKOUT points to the upside were liquidated, followed by a breakdown. The current price action suggests a "Return to Impulse" before the next leg down.
Trading Plan
We are looking for two primary bearish scenarios based on the current price action:
Direct Rejection: A continuation lower from the current level, targeting the previous swing lows.
The FVG Mitigation: A minor retracement into the H4-FVG (gray zone) to fill the remaining liquidity before the anticipated drop (blue arrow projection).
Point of Interest (POI): 4,810 – 4,830
Primary Target: 4,775 (Recent Lows)
Extended Target: 4,750
Risk Management
Maintain a strict stop loss above the 4H-OB high to invalidate the bearish thesis. Monitor the dollar index (DXY) for additional confluence during the New York session.
İşlem kapandı: hedefe ulaştı
XAUUSD has hit my target and continues to push further, now +380 pips in profit.
📊 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.