Description
Pair: XAUUSD (Gold)
Timeframe: Daily (1D)
Market structure: Bullish trendline respected multiple times
Recent activity:
Breakout below trendline
Retest of trendline
Return to FVG (Fair Value Gap) zone
Scenario 1: Bullish Rejection & Continuation
Market respects the previous FVG zone, signaling strong buyer interest.
Breakout fakeout: The move below the trendline could be a liquidity grab.
Higher Low (HL) formed, showing bulls still in control.
Price forms bullish candle structure, suggesting demand is active.
Next target zones:
Minor resistance: $3,336–$3,396
Major target: Revisit recent High around $3,432–$3,472
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Scenario 2: Bearish Breakdown & Continuation
Price fails to hold above FVG zone and closes below $3,287 support.
Trendline break becomes valid, confirming structure shift.
Lower High (LH) is maintained, signaling early downtrend.
Watch for liquidity sweep below HL and break of key demand.
Next target zones:
Minor support: $3,264
Major bearish target: $3,154–$2,739 (previous demand zone)
Pair: XAUUSD (Gold)
Timeframe: Daily (1D)
Market structure: Bullish trendline respected multiple times
Recent activity:
Breakout below trendline
Retest of trendline
Return to FVG (Fair Value Gap) zone
Scenario 1: Bullish Rejection & Continuation
Market respects the previous FVG zone, signaling strong buyer interest.
Breakout fakeout: The move below the trendline could be a liquidity grab.
Higher Low (HL) formed, showing bulls still in control.
Price forms bullish candle structure, suggesting demand is active.
Next target zones:
Minor resistance: $3,336–$3,396
Major target: Revisit recent High around $3,432–$3,472
---
Scenario 2: Bearish Breakdown & Continuation
Price fails to hold above FVG zone and closes below $3,287 support.
Trendline break becomes valid, confirming structure shift.
Lower High (LH) is maintained, signaling early downtrend.
Watch for liquidity sweep below HL and break of key demand.
Next target zones:
Minor support: $3,264
Major bearish target: $3,154–$2,739 (previous demand zone)
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.