Market Structure Overview:
Currently, XAUUSD is in a bearish retracement after a significant bullish move. The market swept short-term sell-side liquidity (SSL) before reacting inside a premium fair value gap (FVG) and Order Block (OB).
Key Observations:
- Sweep SSL: Price swept a prior short-term low (SSL), trapping early sellers before pushing up into supply areas.
- Breaker OB + FVG: After sweeping liquidity, price retraced into a Breaker Block (OB) and FVG. This area acts as a strong supply zone.
- IN FVG: Currently, the price is trading inside a small bullish fair value gap (FVG) after rejecting from the supply zone, suggesting a possible bullish retracement or short-term bounce.
- BSL Targets Below: Two buy-side liquidity (BSL) levels are resting below, suggesting that if price reverses again, it could be targeting these liquidity pools.
- BFVG (Below): A large Bridge Fair Value Gap (BFVG) lies below the current structure, offering a potential magnet for price if bearish momentum continues.
Bias:
- Short-term bullish while inside the current FVG, targeting a deeper mitigation into the Breaker OB area.
- Medium-term bearish if price fails to break higher, with liquidity draw targeting the BSLs and possibly the BFVG below.
Scenario Plan:
- Watch for rejection inside the Breaker OB / FVG area (~3320–3340) for short setups.
- If bullish continuation occurs, expect a clean break above the Breaker OB for further upside.
- If bearish, look for price to take out the resting BSLs and dive into the BFVG (around 3250–3260).
Currently, XAUUSD is in a bearish retracement after a significant bullish move. The market swept short-term sell-side liquidity (SSL) before reacting inside a premium fair value gap (FVG) and Order Block (OB).
Key Observations:
- Sweep SSL: Price swept a prior short-term low (SSL), trapping early sellers before pushing up into supply areas.
- Breaker OB + FVG: After sweeping liquidity, price retraced into a Breaker Block (OB) and FVG. This area acts as a strong supply zone.
- IN FVG: Currently, the price is trading inside a small bullish fair value gap (FVG) after rejecting from the supply zone, suggesting a possible bullish retracement or short-term bounce.
- BSL Targets Below: Two buy-side liquidity (BSL) levels are resting below, suggesting that if price reverses again, it could be targeting these liquidity pools.
- BFVG (Below): A large Bridge Fair Value Gap (BFVG) lies below the current structure, offering a potential magnet for price if bearish momentum continues.
Bias:
- Short-term bullish while inside the current FVG, targeting a deeper mitigation into the Breaker OB area.
- Medium-term bearish if price fails to break higher, with liquidity draw targeting the BSLs and possibly the BFVG below.
Scenario Plan:
- Watch for rejection inside the Breaker OB / FVG area (~3320–3340) for short setups.
- If bullish continuation occurs, expect a clean break above the Breaker OB for further upside.
- If bearish, look for price to take out the resting BSLs and dive into the BFVG (around 3250–3260).
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.