🔍 Market Overview:
Gold is currently showing signs of a bullish reversal structure after experiencing a downward correction. Price action has reacted strongly from well-defined demand zones, suggesting institutional buying activity at key levels. The current setup highlights a clear accumulation phase transitioning into a potential markup phase, driven by buyers regaining control.
🧱 Chart Structure Breakdown:
1️⃣ Initial Channel Formation (Left Side of Chart)
After a major downtrend, price began consolidating within a rising channel, indicating a retracement or correction phase.
This ascending channel showed a short-term bullish effort, but eventually broke to the downside, resuming the dominant bearish flow temporarily.
2️⃣ Previous Reversal Zone ($3,312 – $3,322)
This is the origin of the recent bullish move, where price strongly reversed after heavy selling.
The reversal formed a long bullish wick and an engulfing candle—clear signs of buying absorption.
This level has historical confluence, acting as both support and prior demand.
3️⃣ Mini SR - Interchange Zone ($3,327 – $3,335)
This zone is a mini structure level where previous resistance has now become support (SR Flip).
The area acted as a platform for the recent bullish reaction.
This zone also aligns with the interchange of order blocks, adding more confluence to the bullish argument.
4️⃣ Bullish Pattern Formation
Price formed a micro double bottom/inverse head and shoulders structure just above the Mini SR.
The pattern suggests strong base-building and provides momentum for the current bullish move.
Confirmation came after the neckline breakout and retest within the Central Zone.
5️⃣ Central Zone ($3,340 – $3,345)
This is an intraday pivot area, acting as a decision-making zone between buyers and sellers.
Price is currently testing this zone with strong bullish candles.
A clean break above this level increases the probability of further upside.
6️⃣ Reversal Zone 1 ($3,345 – $3,353) – ✅ Condition 1
Price is now entering this zone, where previous price rejections occurred.
If buyers can maintain momentum and break above this zone on strong volume, it will validate the bullish continuation thesis.
This zone is also an ideal area to monitor for partial profit-taking or potential short-term rejection.
7️⃣ Reversal Zone 2 ($3,365 – $3,375) – ✅ Condition 2
This is the next significant resistance block.
If price reaches this level, it could face heavy resistance and profit-booking from swing traders.
However, a breakout above this zone could lead to a much larger bullish wave, targeting $3,390+.
🎯 Trade Setup Idea:
Long Bias: Above $3,335 with targets at $3,353 (TP1) and $3,370 (TP2)
Risk Invalidation: Break below Mini SR zone ($3,327) may invalidate bullish thesis
Aggressive Entry: At retest of Mini SR after pattern breakout
Conservative Entry: On breakout and close above Reversal Zone 1 with confirmation
🧠 Trader’s Mindset:
The market is showing a clear shift in momentum, but buyers must sustain control above key levels.
Stay patient at resistance zones; avoid chasing.
Watch for rejection wicks or bearish divergence near Reversal Zone 2 if you're looking for a counter-trade.
📌 Summary:
📈 Bias: Bullish (as long as $3,335 holds)
💡 Opportunity: Breakout from Mini SR with structure support
📉 Risk: Failure to hold central zone could trigger retest of lower support
🚀 Potential: If momentum continues, gold could revisit July highs near $3,390–$3,400
Gold is currently showing signs of a bullish reversal structure after experiencing a downward correction. Price action has reacted strongly from well-defined demand zones, suggesting institutional buying activity at key levels. The current setup highlights a clear accumulation phase transitioning into a potential markup phase, driven by buyers regaining control.
🧱 Chart Structure Breakdown:
1️⃣ Initial Channel Formation (Left Side of Chart)
After a major downtrend, price began consolidating within a rising channel, indicating a retracement or correction phase.
This ascending channel showed a short-term bullish effort, but eventually broke to the downside, resuming the dominant bearish flow temporarily.
2️⃣ Previous Reversal Zone ($3,312 – $3,322)
This is the origin of the recent bullish move, where price strongly reversed after heavy selling.
The reversal formed a long bullish wick and an engulfing candle—clear signs of buying absorption.
This level has historical confluence, acting as both support and prior demand.
3️⃣ Mini SR - Interchange Zone ($3,327 – $3,335)
This zone is a mini structure level where previous resistance has now become support (SR Flip).
The area acted as a platform for the recent bullish reaction.
This zone also aligns with the interchange of order blocks, adding more confluence to the bullish argument.
4️⃣ Bullish Pattern Formation
Price formed a micro double bottom/inverse head and shoulders structure just above the Mini SR.
The pattern suggests strong base-building and provides momentum for the current bullish move.
Confirmation came after the neckline breakout and retest within the Central Zone.
5️⃣ Central Zone ($3,340 – $3,345)
This is an intraday pivot area, acting as a decision-making zone between buyers and sellers.
Price is currently testing this zone with strong bullish candles.
A clean break above this level increases the probability of further upside.
6️⃣ Reversal Zone 1 ($3,345 – $3,353) – ✅ Condition 1
Price is now entering this zone, where previous price rejections occurred.
If buyers can maintain momentum and break above this zone on strong volume, it will validate the bullish continuation thesis.
This zone is also an ideal area to monitor for partial profit-taking or potential short-term rejection.
7️⃣ Reversal Zone 2 ($3,365 – $3,375) – ✅ Condition 2
This is the next significant resistance block.
If price reaches this level, it could face heavy resistance and profit-booking from swing traders.
However, a breakout above this zone could lead to a much larger bullish wave, targeting $3,390+.
🎯 Trade Setup Idea:
Long Bias: Above $3,335 with targets at $3,353 (TP1) and $3,370 (TP2)
Risk Invalidation: Break below Mini SR zone ($3,327) may invalidate bullish thesis
Aggressive Entry: At retest of Mini SR after pattern breakout
Conservative Entry: On breakout and close above Reversal Zone 1 with confirmation
🧠 Trader’s Mindset:
The market is showing a clear shift in momentum, but buyers must sustain control above key levels.
Stay patient at resistance zones; avoid chasing.
Watch for rejection wicks or bearish divergence near Reversal Zone 2 if you're looking for a counter-trade.
📌 Summary:
📈 Bias: Bullish (as long as $3,335 holds)
💡 Opportunity: Breakout from Mini SR with structure support
📉 Risk: Failure to hold central zone could trigger retest of lower support
🚀 Potential: If momentum continues, gold could revisit July highs near $3,390–$3,400
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
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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.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
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.