📈 XAUUSD (Gold) Price Action & Market Structure Analysis
🔹 The chart illustrates a bullish market structure with a rising wedge formation, indicating potential continuation to the upside.
🔹 Multiple Break of Structure (BOS) and Change of Character (ChoCH) points highlight shifts in market momentum.
🔹 Key Fair Value Gaps (FVGs) are marked, suggesting potential price imbalance areas where liquidity may be filled.
🔹 Fibonacci retracement levels indicate potential retracement zones, with the 50% (2830.55-2825) and 61.8% (2812-2817) levels acting as strong support.
📊 Trading Outlook:
✅ A pullback towards 2830.55-2825 or 2812-2817 could provide a buying opportunity.
✅ If price respects these levels, a bullish continuation towards new highs is expected.
✅ A break below these key levels may indicate a deeper correction.
📌 Traders' Watchlist:
Support Levels: 2830.55-2825, 2812-2817
Resistance Levels: 2857-2860 (current highs)
Trend Outlook: Bullish unless support zones fail
#XAUUSD #GoldAnalysis #SmartMoneyConcepts #TechnicalAnalysis #ForexTrading #FVG #LiquidityZones #BreakOfStructure #PriceAction
🔹 The chart illustrates a bullish market structure with a rising wedge formation, indicating potential continuation to the upside.
🔹 Multiple Break of Structure (BOS) and Change of Character (ChoCH) points highlight shifts in market momentum.
🔹 Key Fair Value Gaps (FVGs) are marked, suggesting potential price imbalance areas where liquidity may be filled.
🔹 Fibonacci retracement levels indicate potential retracement zones, with the 50% (2830.55-2825) and 61.8% (2812-2817) levels acting as strong support.
📊 Trading Outlook:
✅ A pullback towards 2830.55-2825 or 2812-2817 could provide a buying opportunity.
✅ If price respects these levels, a bullish continuation towards new highs is expected.
✅ A break below these key levels may indicate a deeper correction.
📌 Traders' Watchlist:
Support Levels: 2830.55-2825, 2812-2817
Resistance Levels: 2857-2860 (current highs)
Trend Outlook: Bullish unless support zones fail
#XAUUSD #GoldAnalysis #SmartMoneyConcepts #TechnicalAnalysis #ForexTrading #FVG #LiquidityZones #BreakOfStructure #PriceAction
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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.
fxforever
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.