Expected reversal/resistance zone price may react here with sell

24 Jun

Chart Overview:
Instrument: Gold Spot / U.S. Dollar (XAU/USD)

Timeframe: 4-hour

Price at time of screenshot: 3,321.910 USD

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Key Zones & Labels:


🟡
Supply Zone
(Top - Yellow Area):
Around 3,440 – 3,460

Expected reversal/resistance zone; price may react here with selling pressure.



🟩
Strong Support
(Green Area):
Near 3,390 – 3,400

Former support zone that may act as resistance on retracement (support-turned-resistance).



🟧
Demand Zone
(Bottom - Pink Area):
Around 3,280 – 3,310

Strong buying interest shown; price likely to reverse or consolidate in this zone.

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Annotated Insights:
BOS (Break of Structure):

Indicates a bearish structure shift before price tapped into the demand zone.

Liquidity Sweep:

The note says:

“They sweep the Liquidity right now it’s going to bullish”

Suggests stop-losses below demand were taken out (liquidity grab), hinting at a potential bullish reversal.

Projection (Gray Arrows):

Shows two possible price paths:

Rejection at strong support and continuation to supply zone.

Direct move from demand to supply zone.

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Purpose of Chart:


This chart is likely used for Smart Money Concept (SMC) or Institutional Order Flow analysis, showing:

Liquidity zones

Structure breaks

Probable bullish reversal

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