This 4-hour chart of XAU/USD shows a bullish setup. Price has broken a long-term descending trendline, signaling a shift in market structure. Key components include:
CHoCH (Change of Character) confirms bullish momentum after sweeping sell-side liquidity.
Order Block and FVG (Fair Value Gap) act as potential support zones for price to retest before pushing higher.
BOC (Break of Structure) confirms buyers are in control.
Price is currently consolidating near the FVG zone, suggesting a possible short-term pullback before continuation.
Projected upside target is around the 3488–3491 level.
This setup favors buying on a retracement to the FVG or Order Block for a move toward the next resistance.
CHoCH (Change of Character) confirms bullish momentum after sweeping sell-side liquidity.
Order Block and FVG (Fair Value Gap) act as potential support zones for price to retest before pushing higher.
BOC (Break of Structure) confirms buyers are in control.
Price is currently consolidating near the FVG zone, suggesting a possible short-term pullback before continuation.
Projected upside target is around the 3488–3491 level.
This setup favors buying on a retracement to the FVG or Order Block for a move toward the next resistance.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
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Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.