📌 Key Market Structure:
🔹 Daily Downward Channel still intact — price remains under pressure
🔹 PDH (Previous Day High) rejected, confirming bearish strength
🔹 Price Reopened Near PDL (Previous Day Low), showing indecision
🔹 Volume Imbalance at POC (3,310) – potential magnet for price retrace
🔹 Support Zone holding around 3,275 - 3,280
🔹 Pullback Zone marked near 3,345 – ideal reaction area for sellers
📊 Scenario Planning:
🟢 Bullish Case:
Reclaiming above Price Open & breaking PDH could trigger run to 3,345
Clean liquidity sweep & confirmation above POC = long potential
🔴 Bearish Case:
Break below PDL & Support Zone = freefall to 3,270 and even lower
Retest of Price Open with rejection = short opportunity from value area
📈 Volume Profile Insight (1H):
🔸 POC: 3,310 – most traded price, may act as magnet
🔸 Value Area High: 3,323
🔸 Value Area Low: 3,275
🔸 Ask Imbalances visible above current range – watch for traps
🔎 Market Sentiment
💬 Still mixed with bias to downside unless major economic shift occurs
📰 Fundamentals: Awaiting catalyst – no high-impact gold-specific data yet
🧠 Trade Smart: Price could pump into premium then dump back into discount – be patient for confirmations!
#XAUUSD #GoldAnalysis #SmartMoney #VolumeProfile #IntradayTrading #TradingView
🔹 Daily Downward Channel still intact — price remains under pressure
🔹 PDH (Previous Day High) rejected, confirming bearish strength
🔹 Price Reopened Near PDL (Previous Day Low), showing indecision
🔹 Volume Imbalance at POC (3,310) – potential magnet for price retrace
🔹 Support Zone holding around 3,275 - 3,280
🔹 Pullback Zone marked near 3,345 – ideal reaction area for sellers
📊 Scenario Planning:
🟢 Bullish Case:
Reclaiming above Price Open & breaking PDH could trigger run to 3,345
Clean liquidity sweep & confirmation above POC = long potential
🔴 Bearish Case:
Break below PDL & Support Zone = freefall to 3,270 and even lower
Retest of Price Open with rejection = short opportunity from value area
📈 Volume Profile Insight (1H):
🔸 POC: 3,310 – most traded price, may act as magnet
🔸 Value Area High: 3,323
🔸 Value Area Low: 3,275
🔸 Ask Imbalances visible above current range – watch for traps
🔎 Market Sentiment
💬 Still mixed with bias to downside unless major economic shift occurs
📰 Fundamentals: Awaiting catalyst – no high-impact gold-specific data yet
🧠 Trade Smart: Price could pump into premium then dump back into discount – be patient for confirmations!
#XAUUSD #GoldAnalysis #SmartMoney #VolumeProfile #IntradayTrading #TradingView
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.