Gold 31 July – Bearish Bias Holds, Watching Supply ZonesGold (XAUUSD) Analysis – 31 July
Market structure is now aligned across both higher and lower timeframes:
H4: Bearish
M15: Bearish
This alignment strengthens the probability of trend-continuation setups in favor of the dominant downtrend.
🔄 Current Market Behavior:
The M15 chart is currently in a pullback phase, retracing toward its previous lower high and approaching a key supply zone.
📍 Key Supply Zones to Watch:
Zone 1 – Immediate Supply Zone (3299 – 3305)
• First area of interest where price may react.
• If respected and followed by M1 confirmation, a short setup could be initiated.
• Watch for signs of exhaustion or sharp rejection.
Zone 2 – Higher Supply Zone (3326 – 3332)
• If the first zone fails, this becomes the next high-probability area.
• Well-aligned with the broader bearish structure — expect stronger reaction potential.
• Suitable for cleaner high RR short trades if price reaches this level.
✅ Execution Plan:
• Observe how price behaves inside the marked zones.
• Only plan short entries after M1 confirmation — this adds precision and prevents premature entries.
• Stay patient. Let the market come to you and reveal intent before acting.
📌 Summary:
Bias: Bearish
Structure: H4 and M15 both support downside bias
Zones in Focus:
– Primary: 3299–3305
– Secondary: 3326–3332
Execution: Wait for confirmation before entering.
Risk-Reward: Maintain 1:3 RR minimum (e.g., 40 pip SL, 120 pip TP).
Let the structure guide your setups — not impulse.
📘 Shared by ChartIsMirror
