XAUUSD - Multi-Timeframe Market Structure Analysis
Multi-Timeframe Market Structure Analysis: Understanding Resistance and Support Levels
H4 Timeframe Analysis: Key Resistance & Support Levels
The price has broken the previous resistance, forming a new high and establishing a fresh resistance level. The previous support remains intact and has been tested once, showing its strength. Currently, the price appears to be in a pullback phase, but the depth of the retracement is uncertain. Traders should observe price action carefully to determine the next potential move.
H1 Timeframe Analysis: Trend Continuation or Reversal?
After breaking the H4 resistance, the H1 timeframe formed a higher high (HH) and a higher low (HL). The price is now pulling back toward the previous low. Although the H1 trendline has been breached, the price has not broken the key low, meaning the uptrend is still intact. Traders should focus on buy opportunities while remaining prepared for a potential sell-off if the low is broken.
M15 Timeframe Analysis: Range Formation & Intraday Zones
On the M15 timeframe, the price is moving within a range-bound pattern between resistance and support zones, which align with the H1 low. This suggests a short-term consolidation phase, where price is reacting within these levels. Intraday traders should look for breakout confirmations or range-trading setups before making trading decisions.
Conclusion: Key Takeaways for Traders
The overall trend remains bullish, with higher highs and higher lows across multiple timeframes.
The current pullback has not yet broken the key low, meaning the uptrend is still valid.
The H1 low is a crucial level—if it gets broken, it could signal a trend reversal.
The M15 timeframe shows a range-bound market, providing potential short-term trading opportunities.
📌 Trading Recommendation: Stay cautious, watch for lower timeframe confirmations, and be prepared for potential breakouts or reversals based on price action.
H4 Timeframe Analysis: Key Resistance & Support Levels
The price has broken the previous resistance, forming a new high and establishing a fresh resistance level. The previous support remains intact and has been tested once, showing its strength. Currently, the price appears to be in a pullback phase, but the depth of the retracement is uncertain. Traders should observe price action carefully to determine the next potential move.
H1 Timeframe Analysis: Trend Continuation or Reversal?
After breaking the H4 resistance, the H1 timeframe formed a higher high (HH) and a higher low (HL). The price is now pulling back toward the previous low. Although the H1 trendline has been breached, the price has not broken the key low, meaning the uptrend is still intact. Traders should focus on buy opportunities while remaining prepared for a potential sell-off if the low is broken.
M15 Timeframe Analysis: Range Formation & Intraday Zones
On the M15 timeframe, the price is moving within a range-bound pattern between resistance and support zones, which align with the H1 low. This suggests a short-term consolidation phase, where price is reacting within these levels. Intraday traders should look for breakout confirmations or range-trading setups before making trading decisions.
Conclusion: Key Takeaways for Traders
The overall trend remains bullish, with higher highs and higher lows across multiple timeframes.
The current pullback has not yet broken the key low, meaning the uptrend is still valid.
The H1 low is a crucial level—if it gets broken, it could signal a trend reversal.
The M15 timeframe shows a range-bound market, providing potential short-term trading opportunities.
📌 Trading Recommendation: Stay cautious, watch for lower timeframe confirmations, and be prepared for potential breakouts or reversals based on price action.
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.