The chart represents the daily time frame (1D) of Gold Spot/USD (XAUUSD). Here's a breakdown of the key elements and analysis:


Key Observations:
1. Zones Highlighted:
- Red Zone (Resistance):
The area between $2,770 and $2,790 represents a significant supply/resistance zone where price is likely to face selling pressure.
- Green Zone (Potential Target Area):
Indicates a long position or bullish sentiment aiming for price to reach the upper red zone.

2. Key Levels:
- $2,790.00: Likely a critical high or resistance level.
- $2,721.61: A notable support or breakout level currently breached to the upside.
- $2,606.10 and $2,582.31: Previously identified support levels.
- $2,536.79 (BOS - Break of Structure): Indicates a structural low that was broken earlier, signaling bearish momentum, but this has since reversed.

3. Market Structure:
- CHOCH (Change of Character): Indicates a shift from bearish to bullish market structure as buyers gained control after breaking through a key resistance.
- LQ Sweep (Liquidity Sweep): A move designed to clear liquidity below a certain level, trapping sellers before reversing to the upside.
- Double T LQ (Double Top Liquidity): Suggests a zone where liquidity may have been grabbed from stop-loss orders above the highs.

4. Imbalance Filled:
- The chart highlights a previous price inefficiency or "imbalance" that has been filled, indicating price efficiency and potential continuation of the trend.

5. Bullish Order Flow:
- The market has transitioned into bullish momentum, with higher highs and higher lows forming after the BOS and CHOCH.

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Probable Scenarios:
1. Bullish Continuation:
- The price is targeting the resistance zone around $2,770–$2,790.
- A breakout above this zone could lead to new highs with potential for strong bullish momentum.

2. Rejection Scenario:
- If the price fails to break the resistance zone, it may retrace back to retest lower support levels, such as $2,721 or even $2,606.

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Trading Insights:
- Long Bias: Entering after the CHOCH and liquidity sweep suggests the trend is bullish. Holding positions until price reaches the resistance zone is viable, but watch for rejection signals.
- Risk Management: Monitor price action around $2,770–$2,790. Set stop-losses below significant support levels like $2,721 to protect against a reversal.

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Let me know if you'd like further insights or a more detailed strategy based on this chart!
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