🟨 XAUUSD (Gold) Analysis – 09 May 2025
Market Structure Overview:
The market was previously in a bearish trend, forming consecutive Lower Lows (LL) and Lower Highs (LH).
A bullish shift in structure occurred when price formed a Higher Low (HL) followed by a Higher High (HH), breaking and closing above the previous Lower High.
This break of structure signals a potential trend reversal or deeper pullback in progress.
Key Levels:
Support Zone (Demand): Around 3,315 – 3,325 (recent breakout zone and potential retest area).
Resistance Zone (Supply): Around 3,365 – 3,375 (previous structural HH + liquidity pool).
Expectations:
If price sustains above the 3,315–3,325 support zone, we expect a continuation to the upside targeting the 3,365–3,375 supply zone.
If price fails to hold above support, a rejection and continuation to the downside toward 3,280 is likely.
🔔 Trading Signal (Setup Idea):
Type: Buy (Conditional)
Entry:
Buy on confirmation from support (e.g., bullish engulfing, FVG, or sweep + bullish structure) around 3,320–3,325.
Stop Loss:
Below the swing low or invalidation level: 3,310
Take Profit:
TP1: 3,340 (minor resistance)
TP2: 3,365–3,375 (major supply zone)
Risk/Reward: Minimum 1:2 RRR
Confirmation Tips:
Look for bullish price action at the support zone (e.g., bullish pin bar, demand FVG, CHoCH).
Use volume, OBV, or momentum divergence for additional confirmation.
Show support by following, comment and sharing.
Market Structure Overview:
The market was previously in a bearish trend, forming consecutive Lower Lows (LL) and Lower Highs (LH).
A bullish shift in structure occurred when price formed a Higher Low (HL) followed by a Higher High (HH), breaking and closing above the previous Lower High.
This break of structure signals a potential trend reversal or deeper pullback in progress.
Key Levels:
Support Zone (Demand): Around 3,315 – 3,325 (recent breakout zone and potential retest area).
Resistance Zone (Supply): Around 3,365 – 3,375 (previous structural HH + liquidity pool).
Expectations:
If price sustains above the 3,315–3,325 support zone, we expect a continuation to the upside targeting the 3,365–3,375 supply zone.
If price fails to hold above support, a rejection and continuation to the downside toward 3,280 is likely.
🔔 Trading Signal (Setup Idea):
Type: Buy (Conditional)
Entry:
Buy on confirmation from support (e.g., bullish engulfing, FVG, or sweep + bullish structure) around 3,320–3,325.
Stop Loss:
Below the swing low or invalidation level: 3,310
Take Profit:
TP1: 3,340 (minor resistance)
TP2: 3,365–3,375 (major supply zone)
Risk/Reward: Minimum 1:2 RRR
Confirmation Tips:
Look for bullish price action at the support zone (e.g., bullish pin bar, demand FVG, CHoCH).
Use volume, OBV, or momentum divergence for additional confirmation.
Show support by following, comment and sharing.
Trade active
TP-1 3340 has been taken down. Collect half of it more than 200 pips, and leave rest of your position at the BE.
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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.
✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
Related publications
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.