XAU/USD - 1H Analysis & Trade Plan
📉 XAU/USD - 1H Analysis & Trade Plan
🔹 Market Structure:
✅ Break of Structure (BOS) confirms bullish continuation.
✅ Change of Character (ChoCH) signals potential reversals.
✅ Fair Value Gaps (FVG) indicate imbalance and possible retracements.
✅ Order Blocks (OBs) marked for potential reaction zones.
🔹 Key Levels:
✅ Support Zones: 2924-2929, 2902-2905, 2872-2882, 2834-2853
✅ Fib Retracement Levels: 0.382 (2935.84), 0.5 (2937.49), 0.618 (2943.43), 0.705 (2945.83), 0.786 (2948.37)
✅ Major Resistance: 2960
📊 Trade Plan:
🔹 Watch for a reaction at the 2924-2929 zone for a potential bounce.
🔹 If support holds, bullish move toward 2960 is likely.
🔹 If price breaks below 2902-2905, expect further downside to 2872-2882.
#FXFOREVER #XAUUSD #GoldAnalysis #SmartMoney #LiquidityHunt #BOS #FVG #PriceAction
🔹 Market Structure:
✅ Break of Structure (BOS) confirms bullish continuation.
✅ Change of Character (ChoCH) signals potential reversals.
✅ Fair Value Gaps (FVG) indicate imbalance and possible retracements.
✅ Order Blocks (OBs) marked for potential reaction zones.
🔹 Key Levels:
✅ Support Zones: 2924-2929, 2902-2905, 2872-2882, 2834-2853
✅ Fib Retracement Levels: 0.382 (2935.84), 0.5 (2937.49), 0.618 (2943.43), 0.705 (2945.83), 0.786 (2948.37)
✅ Major Resistance: 2960
📊 Trade Plan:
🔹 Watch for a reaction at the 2924-2929 zone for a potential bounce.
🔹 If support holds, bullish move toward 2960 is likely.
🔹 If price breaks below 2902-2905, expect further downside to 2872-2882.
#FXFOREVER #XAUUSD #GoldAnalysis #SmartMoney #LiquidityHunt #BOS #FVG #PriceAction
fxforever
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.
fxforever
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.