✅ Advanced Technical Analysis – XAU/USD (Gold) – 1H Timeframe
🧩 Chart Overview:
Timeframe: 1 Hour (H1)
Current Price: 3,333.675
Recent High: 3,451.525
Recent Low: 3,293.500
Marked with BOS (Break of Structure), CHoCH (Change of Character), supply and demand zones.
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🔍 Step-by-Step Technical Breakdown:
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1️⃣ Market Structure (Price Action)
🔺 Bullish Phase:
From June 13 to June 22, price showed a series of H1 BOS, confirming bullish structure.
🔻 Shift to Bearish:
After June 22, we observe several H1 CHoCH and BOS to the downside.
This indicates a clear transition from bullish to bearish, or at least a corrective phase.
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2️⃣ Supply & Demand Zones
🟢 Demand Zone:
Marked between 3,293.5 and ~3,310
Price dipped into this zone and showed a minor bullish reaction (lower wick = liquidity grab)
🔴 Supply Zones:
Resistance at 3,393.509 (minor)
Stronger supply between 3,440 and 3,451 (previous unbroken highs)
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3️⃣ Fibonacci & Potential Reversal Targets
If demand holds and bullish confirmation appears:
TP1: 3,393
TP2: 3,440
TP3: 3,451.5
These levels align well with structure and historical resistance.
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4️⃣ Candlestick Behavior
Recent candles show price tapping the demand zone with some rejection.
Look for bullish engulfing, pin bars, or momentum candles as confirmation.
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5️⃣ Potential Long Setup (If Confirmed):
Element Value
Entry Zone 3,305 – 3,315
Stop Loss Below 3,293 (e.g., 3,285)
TP1 3,393
TP2 3,440
TP3 3,451
Risk–Reward Estimated 1:3 to 1:5
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⚠️ Risks & Considerations:
If the 3,293 demand zone breaks, bearish structure may continue.
Liquidity grabs and false breakouts are possible – wait for solid confirmation.
Align your entries with higher timeframe signals (e.g., H4) for stronger confluence.
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❗️Disclaimer:
> This analysis is provided for educational purposes only and does not constitute financial advice or a recommendation to buy or sell.
You are solely responsible for your own trading decisions.
🧩 Chart Overview:
Timeframe: 1 Hour (H1)
Current Price: 3,333.675
Recent High: 3,451.525
Recent Low: 3,293.500
Marked with BOS (Break of Structure), CHoCH (Change of Character), supply and demand zones.
---
🔍 Step-by-Step Technical Breakdown:
---
1️⃣ Market Structure (Price Action)
🔺 Bullish Phase:
From June 13 to June 22, price showed a series of H1 BOS, confirming bullish structure.
🔻 Shift to Bearish:
After June 22, we observe several H1 CHoCH and BOS to the downside.
This indicates a clear transition from bullish to bearish, or at least a corrective phase.
---
2️⃣ Supply & Demand Zones
🟢 Demand Zone:
Marked between 3,293.5 and ~3,310
Price dipped into this zone and showed a minor bullish reaction (lower wick = liquidity grab)
🔴 Supply Zones:
Resistance at 3,393.509 (minor)
Stronger supply between 3,440 and 3,451 (previous unbroken highs)
---
3️⃣ Fibonacci & Potential Reversal Targets
If demand holds and bullish confirmation appears:
TP1: 3,393
TP2: 3,440
TP3: 3,451.5
These levels align well with structure and historical resistance.
---
4️⃣ Candlestick Behavior
Recent candles show price tapping the demand zone with some rejection.
Look for bullish engulfing, pin bars, or momentum candles as confirmation.
---
5️⃣ Potential Long Setup (If Confirmed):
Element Value
Entry Zone 3,305 – 3,315
Stop Loss Below 3,293 (e.g., 3,285)
TP1 3,393
TP2 3,440
TP3 3,451
Risk–Reward Estimated 1:3 to 1:5
---
⚠️ Risks & Considerations:
If the 3,293 demand zone breaks, bearish structure may continue.
Liquidity grabs and false breakouts are possible – wait for solid confirmation.
Align your entries with higher timeframe signals (e.g., H4) for stronger confluence.
---
❗️Disclaimer:
> This analysis is provided for educational purposes only and does not constitute financial advice or a recommendation to buy or sell.
You are solely responsible for your own trading decisions.
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.