🔥 Market Analysis – Gold (XAU/USD) 🔥
📌 Price has now REJECTED the Daily Bullish OB (Order Block) 10 times! This shows strong respect for this zone and confirms that buyers are actively defending it. 💪
📉 What do I expect next?
I anticipate one more test of the OB before price attempts to push up towards our Daily OB once again. The repeated rejections indicate that this area is a strong demand zone, making a long position highly favorable. 🚀
📈 Trade Setup:
✅ Entry: 95,400 📍
❌ Stop Loss: 91,000 (Below key structure) 🛑
🎯 Take Profit: 103,000 (Just below the Daily OB) 🎯
🔎 Confluence Factors:
✔️ Multiple rejections of the bullish OB ✅
✔️ Strong demand zone with aggressive buyers 🛡️
✔️ Favorable risk-to-reward ratio 📊
⚠️ As always, manage risk accordingly and follow your plan! Patience pays in trading. 🧠📈
📌 Price has now REJECTED the Daily Bullish OB (Order Block) 10 times! This shows strong respect for this zone and confirms that buyers are actively defending it. 💪
📉 What do I expect next?
I anticipate one more test of the OB before price attempts to push up towards our Daily OB once again. The repeated rejections indicate that this area is a strong demand zone, making a long position highly favorable. 🚀
📈 Trade Setup:
✅ Entry: 95,400 📍
❌ Stop Loss: 91,000 (Below key structure) 🛑
🎯 Take Profit: 103,000 (Just below the Daily OB) 🎯
🔎 Confluence Factors:
✔️ Multiple rejections of the bullish OB ✅
✔️ Strong demand zone with aggressive buyers 🛡️
✔️ Favorable risk-to-reward ratio 📊
⚠️ As always, manage risk accordingly and follow your plan! Patience pays in trading. 🧠📈
Note
This is an analysis for BTC/USD, not for Gold (XAU/USD). Apologies for the typo!
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.
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.