XAU/USD (GOLD) - Bullish Continuation Expected
🔹 4H Timeframe:
• Market structure is bullish, showing signs of continuation.
• Watching for a potential retracement before price resumes its trend.
🔹 30M Timeframe:
• Looking for a sweep of IDM (Inducement) to mitigate order flow.
• Once liquidity is taken, watch for a CHoCH and order block retest for entry.
• Plan: If price mitigates the order block after the IDM sweep, expect bullish continuation.
🎯 Target: Previous highs or next liquidity zone.
🛑 Invalidation: If price breaks key bullish structure.
• Market structure is bullish, showing signs of continuation.
• Watching for a potential retracement before price resumes its trend.
🔹 30M Timeframe:
• Looking for a sweep of IDM (Inducement) to mitigate order flow.
• Once liquidity is taken, watch for a CHoCH and order block retest for entry.
• Plan: If price mitigates the order block after the IDM sweep, expect bullish continuation.
🎯 Target: Previous highs or next liquidity zone.
🛑 Invalidation: If price breaks key bullish structure.
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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.