The chart presents a strong sell opportunity at a key supply zone (Order Block), supported by a clear Change of Character (CHoCH). Confluence is added by the 4H Fibonacci retracement, a Breaker Block, and a Mitigation Zone. Price previously reacted from a demand area (highlighted in grey), then retraced back to retest the supply zone, suggesting a high-probability...
🟡 Gold (XAUUSD) Analysis - 1H Timeframe
We are currently observing a bullish scenario forming on the 1-hour chart.
✅ Price broke structure to the downside (CHOCH), then tapped into a demand zone, where we can see strong bullish reaction starting to build.
🔸 The previous equal highs (EQH) above serve as a liquidity pool that price may aim for next.
🟣 Key...
