My analysis outlines a common technical trading strategy based on order blocks and market structure shifts (MSS) in XAUUSD (gold vs USD). Here's a breakdown and a more structured interpretation of what you might be saying:
🟨 Technical Analysis Summary:
Order Block Identified at 3340.00 (1H Timeframe):
This is likely a bearish or bullish order block, where institutions previously placed large orders.
Price is expected to react at this level (likely resistance or support, depending on context).
Need to Observe Market Structure Shift (MSS) on Lower Timeframes:
You're waiting for a confirmation (e.g., a break of structure or BOS) on a 15M or 5M chart before entering a position.
This is a confirmation strategy to avoid false reactions.
Potential Retracement to 3260.00:
This may be a liquidity grab or the lowest point (swing low) before the next upward move.
Implies you're expecting a bullish reversal from that zone after an MSS.
🟨 Technical Analysis Summary:
Order Block Identified at 3340.00 (1H Timeframe):
This is likely a bearish or bullish order block, where institutions previously placed large orders.
Price is expected to react at this level (likely resistance or support, depending on context).
Need to Observe Market Structure Shift (MSS) on Lower Timeframes:
You're waiting for a confirmation (e.g., a break of structure or BOS) on a 15M or 5M chart before entering a position.
This is a confirmation strategy to avoid false reactions.
Potential Retracement to 3260.00:
This may be a liquidity grab or the lowest point (swing low) before the next upward move.
Implies you're expecting a bullish reversal from that zone after an MSS.
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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.